Glancy Prongay & Murray LLP Announces That a Class Action Has Been Filed on Behalf of Keurig Green Mountain, Inc. Investors
June 22 2015 - 11:20AM
Business Wire
Glancy Prongay & Murray LLP announces that a class action
complaint has been filed on behalf of a class comprising purchasers
of the securities of Keurig Green Mountain, Inc. (“Keurig” or the
“Company”) (NASDAQ:GMCR) between February 4, 2015 and May 14, 2015,
inclusive (the “Class Period”). This class action seeks to recover
damages against defendants for alleged violations of the federal
securities laws. Keurig investors have until August 18, 2015 to
file a motion for appointment as a lead plaintiff.
Keurig, through its subsidiaries, manufactures and distributes
beverage systems. The Company has recently announced a new system,
the Keurig 2.0, that purportedly allows users to brew cold
beverages, including sodas, at home. The complaint, filed against
the Company and its executives, alleges that defendants made false
and/or misleading statements and/or allegedly failed to disclose
that: (1) defendants’ projections for sales were unrealistic and
unattainable given the continuing consumer confusion over Keurig
Green Mountain’s Keurig 2.0 brewing system; (2) the retail
distribution of Keurig Green Mountain’s new cold brewing system,
Keurig Kold, would be delayed; and (3) as a result, Defendants’
statements about Keurig Green Mountain’s business, operations, and
prospects were false and misleading and/or lacked a reasonable
basis. Upon disclosure of the Company’s fraudulent behavior, shares
of Keurig declined in value, thereby damaging investors.
If you purchased Keurig shares, if you have information or would
like to learn more about these claims, or have any questions
concerning this announcement, please contact Lesley Portnoy, of
Glancy Prongay & Murray LLP, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150622005975/en/
Glancy Prongay & Murray, Los AngelesLesley
Portnoy310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Historical Stock Chart
From Apr 2023 to Apr 2024