The Shareholders Foundation announces that an investigation on behalf of investors of NYSE:WTW shares is ongoing concerning possible violations of Federal Securities Laws violations by Weight Watchers International, Inc.
Investors who purchased shares of Weight Watchers International, Inc. (NYSE:WTW) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain statements regarding Weight Watchers International’s business, its prospects and its operations were materially false and misleading at the time they were made.
On May 5, 2015, Weight Watchers International, Inc announced its first quarter 2015 results. Weight Watchers International, Inc also announced that “the Audit Committee of the Board of Directors of the Company (the “Audit Committee”) concluded that the Company’s previously issued consolidated financial statements for the fiscal year ended January 3, 2015 (“fiscal 2014″) as contained in the Company’s 2014 Annual Report on Form 10-K should be restated with respect to the accounting for certain franchise rights acquired.” Shares of Watchers International, Inc. (NYSE:WTW) declined on May 6, 2015 to as low as $7.13 per share, respectively $6.36 per share on May 19, 2015.
Those who purchased shares of Weight Watchers International, Inc. (NYSE:WTW) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com