DKS, along with chairman Ed Stack, CEO Lauren Hobart, and CFO Navdeep Gupta, were hit with a proposed class action filed in W. PA district court brought by the Plumbers & Pipefitters Local Union #295 Pension Fund, accusing them of violating federal securities law. According to the suit, the retailer misled investors about its roughly $2.5 billion cash-and-stock acquisition of Foot Locker, touting growth opportunities while assuring FL’s longstanding inventory and promotional ... Log in to view full article.