GPS LAWSUIT ALERT: Levi & Korsinsky Notifies The Gap, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Jan. 26, 2023

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of The Gap investors who were adversely affected by alleged securities fraud between November 24, 2021 and July 11, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/the-gap-inc-lawsuit-submission-form?prid=35914&wire=4

GPS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there were execution missteps in size and assortment at Old Navy related to BODEQUALITY, the Company's size-inclusivity campaign,  which were adversely impacting Old Navy's margins and financial results; (2) contrary to the Company's statements, there were inventory risks relating to BODEQUALITY that were adversely affecting the Company's operations; and as a result (3) the Company's statements during the class period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading and lacked a factual basis.

WHAT'S NEXT? If you suffered a loss in The Gap during the relevant time frame, you have until February 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.