SAN DIEGO, March 12, 2018 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: FRPT shares against Freshpet Inc over alleged Securities Laws violations.
Investors, who purchased shares of Freshpet Inc (NASDAQ:FRPT) in March 2015 or earlier and continue to hold any of those NASDAQ:FRPT shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On April 21, 2016, a lawsuit was filed against Freshpet Inc over alleged securities laws violations. The plaintiff alleged that that between April 1, 2015 and November 11, 2015 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. On March 27, 2017, an amended complaint was filed and on May 26, 2017, the defendants filed their motion to dismiss the case. On January 12, 2018, the court denied the defendant’s motion to dismiss the lawsuit.
Those who purchased Freshpet Inc (NASDAQ:FRPT) shares should contact the Shareholders Foundation, Inc.
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.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108