Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the District of New Jersey on behalf of shareholders of Freshpet, Inc. (NASDAQ: FRPT) who purchased shares between April 1, 2015 and November 11, 2015.
The complaint alleges that throughout the Class Period, defendants failed to disclose material adverse facts about the Company’s true financial condition, business and prospects, including that: (a) 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; (b) two of the Company’s supermarket customers were experiencing financial hardships such that it was likely any Freshpet Fridges located in their respective stores would soon have to be removed; and (c) 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.
If you suffered a loss in Freshpet you have until June 20, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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