Rosen Law Firm, a reputed global investor rights law firm, has requested purchasers of Walmart Inc.'s securities (NYSE: WMT) to secure counsel before the deadline. The purchases made between March 30, 2016, and December 22, 2020, inclusive (the "Class Period") of March 22, 2021, lead the plaintiff deadline in the securities class action first filed by the firm.
Any purchase made forWalmart securities during the Class Period is entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.A class-action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
According to the lawsuit, Walmart's business, operations, and prospects were materially false and misleading. It has also been accused of lacking a reasonable basis at all relevant times. After the revelation, there was panic in the market, and the lawsuit claims that investors suffered damages.
The Rosen Law Firm represents investors around the world. It has been active in securities class actions and shareholder derivative litigation. The firm has procured the largest securities class action settlement against a Chinese Company. It was Ranked No. 1 by ISS Securities Class Action Services for many securities class action settlements in 2017. In 2019, the firm managed to secure over $438 million for the investors.