Investigations
Dave & Buster’s Entertainment, Inc.
Overview
Overview
- Deadline:
- Upcoming
| Company Name: | Company Name: Dave & Buster’s Entertainment, Inc. |
| Stock Symbol: | Stock Symbol: PLAY |
Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY): Dave & Buster’s Entertainment is being investigated for violations of the federal securities laws in connection with potential false and misleading statements made to investors and a subsequent significant price decline in the stock.
If you incurred losses on your investments in Dave & Buster’s, you are encouraged to submit your information.
Why is Dave & Buster’s being Investigated?
Dave & Buster’s Entertainment, Inc. owns and operates 228 venues in North America that offer entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. During the relevant period, the company had been implementing a strategic initiative to revitalize the brand, led by the company’s CEO Christopher D. Morris, and told investors it was “pleased with the progress we’re making on our strategic initiatives[.]”
The Stock Declines as the Truth is Revealed
On December 10, 2024, Dave & Buster’s Entertainment announced its CEO had resigned and reported disappointing Q3 2024 financial results, revealing that the company had been working “for the last few months” to find a new CEO and that the transformational plan had failed to improve financial results. The company reported a 3% decline in Q3 2024 revenue and a 7.7% decline in comparable store sales, stating on the same-day earnings call that it was “frustrating” that its initiatives could not “poke through the macro environment[.]” On this news, the price of the company’s stock fell over 15% during the course of trading on December 11, 2024.
What are my Rights?
If you incurred losses on your investments in Dave & Buster’s, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
If you incurred losses on your investments in Dave & Buster’s, you are encouraged to submit your information.
Why is Dave & Buster’s being Investigated?
Dave & Buster’s Entertainment, Inc. owns and operates 228 venues in North America that offer entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. During the relevant period, the company had been implementing a strategic initiative to revitalize the brand, led by the company’s CEO Christopher D. Morris, and told investors it was “pleased with the progress we’re making on our strategic initiatives[.]”
The Stock Declines as the Truth is Revealed
On December 10, 2024, Dave & Buster’s Entertainment announced its CEO had resigned and reported disappointing Q3 2024 financial results, revealing that the company had been working “for the last few months” to find a new CEO and that the transformational plan had failed to improve financial results. The company reported a 3% decline in Q3 2024 revenue and a 7.7% decline in comparable store sales, stating on the same-day earnings call that it was “frustrating” that its initiatives could not “poke through the macro environment[.]” On this news, the price of the company’s stock fell over 15% during the course of trading on December 11, 2024.
What are my Rights?
If you incurred losses on your investments in Dave & Buster’s, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.