About the Lawsuit Ollie's and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On August 28, 2019, the Company disclosed a 1.7% decline in store sales for 2Q2019 as well as the existence of a supply chain "bottleneck issue" that occurred "for most all of Q2" that was not corrected until "the last week of the quarter." On this news, the price of Ollie's shares plummeted. The case is Stirling v. Ollie's Bargain Outlet Holdings, Inc. et al., 1:19-cv-08647.