DENVER, Nov. 8, 2006 (PRIMEZONE) -- The law firm of Shuman & Berens LLP (www.shumanberens.com) today encouraged persons who currently own the common stock of Peet's Coffee & Tea, Inc. (Nasdaq:PEET) to contact Jeffrey A. Berens of Shuman & Berens LLP at 1-800-711-6483 or via email at jeff@shumanberens.com, concerning their rights and interests regarding possible stock option backdating at the company.
Shuman & Berens LLP is investigating allegations concerning potentially improper backdating of Peet's Coffee & Tea, Inc. stock options granted to company employees. On November 7, 2006, the company reported that its Board of Directors appointed a committee to oversee a review of the company's past stock option granting practices. It further stated that it would likely need to restate its historical financial statements as a result of errors in recording the measurement date for certain past stock option grants.
For a free consultation regarding your rights and interests with respect to your Peet's Coffee & Tea, Inc. stockholdings, you may contact Jeffrey A. Berens of Shuman & Berens LLP at 1-800-711-6483, or via email at jeff@shumanberens.com.
Shuman & Berens LLP's attorneys have extensive experience in prosecuting shareholder litigation and have played significant roles in securities actions throughout the nation. For more information about Shuman & Berens LLP go to www.shumanberens.com.