Missed Forecasts 'Not Fraud,' Advance Auto Tells Investors

By Hayley Fowler (June 24, 2024, 6:01 PM EDT) -- Advance Auto Parts Inc. and its top brass are looking to exit a proposed class action alleging they misled investors about the failure of a new pricing strategy and purposefully inflated the impact of price reductions, saying that missed forecasts and accounting errors "are not fraud."...

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