EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Keurig Green Mountain, Inc.
May 15 2015 - 2:49PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
it is investigating potential securities claims on behalf of
investors of Keurig Green Mountain, Inc. (NASDAQ:GMCR) resulting
from allegations that Keurig may have issued materially misleading
business information to the investing public.
On May 6, 2015, Keurig announced revenues and earnings that fell
below analysts’ expectations and lowered its previously issued
guidance for 2015 due to weak brewer sales. Keurig attributed its
poor performance to confusion about pod compatibility with the
Keurig 2.0 brewer and issues with partnerships in its K-cup brand
coffee and tea offerings. On this news, shares of Keurig fell $9.92
per share or over 9% to close at $98.16 per share on May 7, 2015.
On May 14, 2015, Keurig announced the delay of the retail sale of
its new cold brewing system, the Keurig Kold, until the 2016
holiday season. On this news, shares of Keurig fell sharply during
after-hours trading.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Keurig investors. If you purchased
shares of Keurig on or before May 14, 2015, please visit the firm’s
website at http://rosenlegal.com/cases-616.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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