SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Potbelly Corporation (NASDAQ: PBPB) and certain of its officers. Potbelly owns, operates and franchises Potbelly Sandwich Works sandwich shops in the United States.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business and prospects were false and misleading when made.
On October 4, 2013 Potbelly stock opened for trading at $28.66 the day the Company sold 7.5 million shares of stock in its initial public stock offering (the “IPO”), raising $105 million in new capital. However, since the IPO the Company stock has imploded, falling from its high of $33.90 on October 8, 2013 to close at $10.97 on July 10, 2014 following a series of negative announcements regarding the Company’s performance, business prospects and operations.
If you are a Potbelly shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.