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Gap shareholders urged to join class action over alleged misleading Q1 sales disclosures.

Market News
09 Jun 2026
PRNewsWire
View Source
Bearish
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The Gross Law Firm has announced a class action lawsuit for shareholders of The Gap, Inc. who purchased shares between May 29, 2021, and May 29, 2026. The suit alleges that Gap made false or misleading statements about its Q1 performance, notably underperforming key segments like Old Navy and Athleta, leading to a lowered full-year sales forecast. Following these revelations, JPMorgan downgraded Gap's stock and cut its price target, causing significant share price decline and trading volume spikes. Shareholders are encouraged to register for the case with no cost or obligation, with a lead plaintiff appointment deadline set far in the future on January 1, 2999.

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