Class Action Lawsuit Filed Against Green Mountain Coffee Roasters Over Financial Reporting Green Mountain Coffee Roasters
Jan. 24, 2012
A Seattle, Wash. law firm, Hagens Berman Sobol Shapiro LLP, has filed a class action lawsuit against Green Mountain Coffee Roasters (GMCR) and recently announced a Jan. 30, 2012, lead plaintiff deadline for the lawsuit.
The class-action suit alleges that GMCR misled its shareholders and issued false or misleading statements regarding the company’s financial condition.
Investors with losses greater than $300,000 who purchased GMCR common stock between Feb. 2, 2011, and Nov. 9, 2011, or who acquired stock as part of a public offering on or about May 5, 2011, can learn more about the case at www.hbsslaw.com/gmcr.
The suit was filed after Green Mountain's shares slumped almost 25 percent following analyst David Einhorn’s warning on Oct. 17, 2011, that the company’s business model was weak and that its accounting was suspect.
Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm with offices in 10 cities. In addition to investors, the firm represents whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The firm’s securities law blog is at www.meaningfuldisclosure.com.