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Grocery Chain Faces Investor Suit Over Shuttered Stores

By Katryna Perera ( March 17, 2026, 8:07 PM EDT) -- Investors of Grocery Outlet Holding Corp. filed suit against the discount supermarket company in California federal court, alleging the company and its executives failed to disclose that its rapid financial growth was caused by expanding too quickly, which came to light earlier this year when it announced that 36 of its stores would close, sending its share price lower....

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