Fox Factory Holding Corp.

Marselis v. Fox Factory Holding Corp. et al., (Case No. 1:24-cv-00747), N.D. Ga.

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The lawsuit alleges that Fox Factory issued a series of misleading statements concerning demand for its products and inventory levels. On November 2, 2023, Fox Factory reduced its projected sales guidance citing inventory destocking in its specialty sports group segment. Shares of Fox Factory stock dropped 37% on November 3, 2023.

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