DAKT SHAREHOLDER ALERT: Jakubowitz Law Reminds Daktronics Shareholders of a Lead Plaintiff Deadline of February 21, 2023

NEW YORK, Dec. 30, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Daktronics, Inc. (NASDAQ: DAKT).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/daktronics-class-action-loss-submission-form/?id=35158&from=4

The lawsuit seeks to recover losses for shareholders who purchased Daktronics between March 10, 2022 and December 6, 2022.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 21, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Daktronics, Inc. issued materially false and/or misleading statements and/or failed to disclose that:  (1) the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics' ability to fund inventory levels and operations; (2) as a result, it was probable that some portion of the Company's deferred tax assets would not be realized; (3) as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets; (4) there were material weaknesses in the Company's internal controls over financial reporting related to income taxes; (5) the foregoing presented liquidity concerns and there was substantial doubt as to the Company's ability to continue as a going concern; and (6) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: [phone]
F: [phone]

View original content:https://www.prnewswire.com/news-releases/dakt-shareholder-alert-jakubowitz-law-reminds-daktronics-shareholders-of-a-lead-plaintiff-deadline-of-february-21-2023-301711261.html

SOURCE Jakubowitz Law

Copyright 2022 PR Newswire