Credit: hankimage9/Adobe Stock LoveSac Executives Hit With 3 Shareholder Derivative Lawsuits
"However, in reality, LoveSac's financial function was plagued by problems, which weakened the company's internal controls and made LoveSac's financial statements extremely vulnerable to inaccuracies," the complaint said.
August 26, 2024 at 05:41 PM
3 minute read
Securities Litigation
Three shareholder derivative lawsuits have been filed against top leadership at LoveSac Co., a furniture retailer, after the company allegedly improperly capitalized $2.2 million because of errors in calculating last-mile freight expenses.
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