The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Keurig Green Mountain, Inc....
July 21 2015 - 11:47AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed against Keurig Green Mountain, Inc.
(“Keurig” or the “Company”) (NASDAQ:GMCR) on behalf of investors
who purchased Keurig shares 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 and loss of
customer goodwill 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 wish to learn
more about this action, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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/20150721006170/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.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