An investor in NYSE:THS shares filed a lawsuit against TreeHouse Foods Inc over alleged Securities Laws violations.
Investors who purchased shares of TreeHouse Foods Inc. (NYSE:THS) have certain options and for certain investors are short and strict deadlines running. Deadline: January 17, 2016. NYSE:THS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of TreeHouse Foods Inc. (NYSE:THS) common shares between February 1, 2016 and November 2, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 1, 2016 and November 2, 2016 the defendants made false and/or misleading statements and/or failed to disclose that the Company’s private label business was underperforming, that the Company’s acquisition strategy was underperforming, that the Company had overstated its full-year 2016 guidance, and that as a result of the foregoing, Defendants’ statements about TreeHouse’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On November 3, 2016, TreeHouse Foods Inc reported its results for the third quarter 2016 results. TreeHouse Foods Inc lowered its full-year profit forecast and said it would close a plant in Delta, British Columbia and cut jobs at its facility in Battle Creek, Michigan. In a separate announcement on November 3, 2016, TreeHouse Foods Inc announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity. Shares of TreeHouse Foods Inc. (NYSE:THS) declined from $88.54 per share in October 31, 2016 to as low as $67.25 per share in November 3, 2016
On December 19, 2016, NYSE:THS shares closed at $72.76 per share.
Those who purchased NYSE:THS 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