An investor in NASDAQ:FRPT shares filed a lawsuit over alleged violations of Federal Securities Laws by Freshpet Inc.
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.
Secaucus, NJ based Freshpet, Inc. is a manufacturer of fresh, refrigerated pet food distributed across North America. The plaintiff alleges on behalf of purchasers of Freshpet Inc (NASDAQ:FRPT) common shares between April 1, 2015 and November 11, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims 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 May 2, 2016, NASDAQ:FRPT shares closed at $8.36 per share.
Those who purchased NASDAQ:FRPT shares 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