Freshpet Inc (NASDAQ:FRPT) Investor Securities Class Action Lawsuit 04/21/2016

If you purchased a significant amount of shares of Freshpet Inc (NASDAQ:FRPT) between April 1, 2015 and November 11, 2015, and / or if you purchased any NASDAQ:FRPT shares prior to April 2015and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 20, 2016. NASDAQ:FRPT investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Freshpet
Case Name: 
Freshpet Shareholder Class Action Lawsuit 04/21/2016
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Affected Securities
NASDAQ: FRPT
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/21/2016
Class Period Begin: 
04/01/2015
Class Period End: 
11/11/2015
Court of Filing: 
U.S. District Court for the District of New Jersey
Deadline To File for Lead: 
06/20/2016
Summary: 

October 3, 2019 - Parties filed a stipulation of settlement.

April 21, 2016 (Shareholders Foundation) - An investor in shares of Freshpet Inc (NASDAQ:FRPT) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Freshpet Inc in connection with certain allegedly false and misleading statements made between April 1, 2015 and November 11, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Freshpet Inc (NASDAQ:FRPT) common shares between April 1, 2015 and November 11, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 1, 2015 and November 11, 2015 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, that two of the Company's supermarket customers were experiencing financial hardships such that it was likely that any Freshpet Fridges located in their respective stores would soon have to be removed, and that 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.

Freshpet Inc went public on November 7, 2014, where it sold 10.4 million shares of stock in its initial public stock offering (“IPO”).

On March 31, 2015 Freshpet Inc announced its fourth quarter and fiscal 2014 results and issued its guidance for the full year 2015. Freshpet Inc reported that its annual Total Revenue rose from $63.15 million in 2013 to $86.76 million in 2014 and that its Net Loss increased from $21.69 million in 2013 to $37.34 million in 2014.

Shares of Freshpet Inc (NASDAQ:FRPT) grew to as high as $25.46 per share in April 2015.

On November 11, 2015, Freshpet Inc announced its third quarter 2015 financial results and updates its guidance for 2015.

Shares of Freshpet Inc (NASDAQ:FRPT) declined to as low as $5.89 per share on November 12, 2015.

On April 22, 2016, NASDAQ:FRPT shares closed at $7.81 per share.