Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Northern District of California on behalf of shareholders of Keurig Green Mountain, Inc. (NASDAQGS: GMCR) who purchased shares between Nov 19, 2014 and Aug 5, 2015.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: (a) projections for sales were unrealistic and unattainable given the continuing consumer confusion over Keurig’s 2.0 brewing system; (b) retail distribution of the new cold brewing system Keurig Kold would be delayed; and (c) as a result, statements about the Company’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. If you suffered a loss in Keurig you have until August 18, 2015 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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