Saxena White P.A. Files Securities Fraud Class Action Against DICK’S Sporting Goods, Inc. and Certain of Its Executive Officers and Directors

Saxena White P.A. filed a securities fraud class action lawsuit against DICK'S Sporting Goods and its executives for allegedly making false statements about the Foot Locker acquisition. The lawsuit claims Dick's failed to disclose that Foot Locker's inventory problems persisted and the company faced significant promotional pressures. Dick's stock fell 30% after revealing disappointing Foot Locker revenue and reduced full-year guidance on August 25, 2026.