GPM Reminds Investors of the Upcoming Deadline in the Class Action on Behalf of Keurig Green Mountain, Inc. Investors
14 August 2015 - 3:29AM
Business Wire
Glancy Prongay & Murray LLP
(“GPM”) reminds investors of the August 18, 2015 deadline to
file a lead plaintiff motion in the class action complaint 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, 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 over several trading sessions, 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 Casey Sadler of GPM,
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/20150813006164/en/
Glancy Prongay & Murray LLP, Los AngelesCasey
Sadler310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Historical Stock Chart
From Apr 2024 to May 2024
Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Historical Stock Chart
From May 2023 to May 2024