RADNOR, Pa., Dec. 17, 2022 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is informing investors that a securities class action lawsuit has been filed against The Gap, Inc. (“Gap”) in the United States District Court for the Eastern District of New York. Geographic Positioning System. The lawsuit alleges Gap violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Gap’s materially misleading public statements and omissions, Gap’s investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR GAP LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/the-gap-inc?utm_source=PR&utm_medium=link&utm_campaign=gps&mktm=r

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LIMIT FOR THE PLAINTIFF: FEBRUARY 3, 2023

COURSE PERIOD: 24 NOVEMBER 2021 TO 11 JULY 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or email at info@ktmc.com

Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

ALLEGED MISCONDUCT BY GAP
After the close of trading on November 23, 2021, Gap issued a press release announcing results for the third quarter ended October 30, 2021. In this press release, Gap also announced the success of its sales related to the introduction of BODEQUALITY at Old Navy.

On April 21, 2022, Gap announced that Old Navy CEO Nancy Green had resigned. Following the news, Gap’s stock fell nearly 18%.

Then, on May 20, 2022, The Wall Street Journal published an article revealing that Gap…