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SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Daktronics, Inc. with Losses of $100,000 to Contact the Firm

PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
December 28, 2022 GMT

LOS ANGELES--(BUSINESS WIRE)--Dec 28, 2022--

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Daktronics, Inc. (“Daktronics” or “the Company”) (NASDAQ: DAKT ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between March 10, 2022 and December 6, 2022, inclusive (the ″Class Period″), are encouraged to contact the firm before February 20, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Daktronics was suffering from higher costs and supply chain disruptions that impacted its ability to fund operations and maintain inventory levels. The Company was likely to fail to realize its deferred tax assets. The Company was likely to record a material valuation allowance for its deferred tax assets. The Company failed to maintain appropriate internal controls over financial reporting. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Daktronics, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221228005327/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES CLASS ACTION LAWSUIT

SOURCE: The Schall Law Firm

Copyright Business Wire 2022.

PUB: 12/28/2022 11:55 AM/DISC: 12/28/2022 11:54 AM

http://www.businesswire.com/news/home/20221228005327/en