LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming June 20, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Freshpet, Inc. (“Freshpet” or the “Company”) (NASDAQ: FRPT) securities between April 1, 2015 and November 11, 2015, inclusive (the “Class Period”). Freshpet investors have until June 20, 2016 to file a lead plaintiff motion.
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 purchased Freshpet shares, you may move the Court no later than June 20, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.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.
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