NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until May 3, 2019 to file lead plaintiff applications in a securities class action lawsuit against Weight Watchers International, Inc. (NasdaqGS: WTW, WW). Investor losses must relate to purchases of the Company’s shares between May 4, 2018 and February 26, 2019. This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Weight Watchers and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wtw/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 3, 2019.
About the Lawsuit
On February 26, 2019, the Company disclosed that its quarterly subscriber count had decreased to 3.9M subscribers with enrollment continuing to decline during FY2019; its FY2019 revenue target was downgraded to $1.4B, much less than the $1.7B it had led the market to expect; and EPS decreased to $1.25-$1.50, significantly lower than market expectations of $3.36.
On this news, the price of Weight Watchers’ shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.