Genuine Parts Company INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by Genuine Parts Company (GPC)
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Levi & Korsinsky has initiated an investigation into Genuine Parts Company (GPC) for potential securities fraud following disappointing 3Q 2024 earnings and lowered annual guidance.
January 09, 2025 | 12:45 pm
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Genuine Parts Company is under investigation by Levi & Korsinsky for potential securities fraud after reporting 3Q 2024 earnings below expectations and lowering its annual guidance.
The investigation into potential securities fraud is likely to negatively impact GPC's stock price in the short term. The company's recent earnings miss and lowered guidance have already set a negative tone, and the legal scrutiny could further erode investor confidence.
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