SAN DIEGO, June 01, 2016 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in New Jersey on behalf of certain purchasers of shares of Freshpet Inc (NASDAQ:FRPT) over alleged Securities Laws Violations by Freshpet.
Investors who purchased shares of Freshpet Inc (NASDAQ:FRPT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 20, 2016. NASDAQ:FRPT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the one of the Company's material customers, Target Corp., was undergoing a corporate reorganization and, accordingly, was delaying the installation of a significant number of Freshpet Fridges, that two of the Company's supermarket customers were experiencing financial hardships such that it was likely that any Freshpet Fridges located in their respective stores would soon have to be removed, and that due to the foregoing, the Company was not growing its overall number of installed Freshpet Fridges at the levels communicated to investors and was tracking well below internal forecasts for such placements.
Shares of Freshpet Inc (NASDAQ:FRPT) declined from as high as $25.46 per share in April 2015 to as low as $5.60 per share in February 2016.
Those who purchased Freshpet Inc (NASDAQ:FRPT) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.