NEW YORK, Aug. 6, 2015 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC reminds investors that a
securities class action has been filed in the United States
District Court for the Northern District of California on behalf of those who purchased
shares of Keurig Green Mountain, Inc. ("Keurig" or the "Company")
(NasdaqGS: GMCR), during the period between February 4, 2015 and May
14, 2015 inclusive. (the "Class Period").
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, Defendants made
false and/or misleading statements and/or failed to disclose that:
(1) Defendants' projections for sales were unrealistic and
unattainable given the continuing consumer confusion over the
Company's Keurig 2.0 brewing system; (2) the retail distribution of
Company's new cold brewing system, Keurig Kold, would be delayed;
and (3) as a result, Defendants' statements about Keurig's
business, operations, and prospects were false and misleading
and/or lacked a reasonable basis.
On May 6, 2015, the Company issued
a press release aftermarket announcing its financial results for
the fiscal second quarter of 2015. The press release revealed that
the Company's sales growth for the quarter fell below its
previously stated expectations. On that same day, Bloomberg
Business published an article concerning the slow sales of the
Keurig 2.0 brewing system for the quarter.
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.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in Keurig
you have until August 18, 2015 to
request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC