ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

GMCR (MM)

91.67
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:GMCR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 91.67 0 01:00:00

GPM Announces Expanded Class Period in the Securities Class Action That It Has Filed on Behalf of Keurig Green Mountain, Inc....

14/08/2015 10:11pm

Business Wire


Keurig Green Mountain, Inc. (NASDAQ:GMCR)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Keurig Green Mountain, Inc. Charts.

Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action on behalf of investors of Keurig Green Mountain, Inc. (“Keurig” or the “Company”) (NASDAQ:GMCR) who purchased securities between November 19, 2014 and August 5, 2015 and have been damaged by the recent declines in the Company’s securities price. Keurig investors have until August 18, 2015 to file a lead plaintiff motion.

Keurig develops and sells a variety of coffeemakers (Keurig brewers), and produces and sells specialty coffee and other specialty beverages in pods (including hot apple cider, hot and iced teas, iced coffees, iced fruit brews, hot cocoa and other beverages) for use with its Keurig hot brewing systems.

The complaint alleges that Keurig and certain of its executives failed to disclose material information to investors in violation of federal securities laws. The alleged false statements and omissions include, but are not limited to: (1) that the Company’s Keurig 2.0 brewing system was an unnecessary upgrade and created customer confusion; (2) that, as a result, the Company’s sales projections were unrealistic and unattainable; (3) that the full retail distribution of Company’s new cold brewing system, Keurig KOLD, would be delayed until 2016; (4) that, as a result, the Company’s revenues for 2015 would be below expectations; and (5) that, as a result of the foregoing, Defendants’ statements about Keurig’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Over the course of three disclosures, the Company revealed that its Keurig 2.0 system was not being adopted by consumers as originally communicated to investors, sales of the KOLD system were delayed, and that the Company’s sales and projections were allegedly misleading and unattainable. On this news, the price of Keurig’ securities, including common stock, plummeted thereby damaging investors.

If you purchased Keurig securities between November 19, 2014 and August 5, 2015 and suffered a loss of over $200,000 you are encouraged to contact Casey Sadler of GPM to discuss your legal rights at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray, Los AngelesCasey Sadler, 310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com

1 Year Keurig Green Mountain, Inc. Chart

1 Year Keurig Green Mountain, Inc. Chart

1 Month Keurig Green Mountain, Inc. Chart

1 Month Keurig Green Mountain, Inc. Chart

Your Recent History

Delayed Upgrade Clock