IMPORTANT FRESHPET SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of Freshpet, Inc. -- FRPT

Upcoming Lead Plaintiff Deadline is June 20, 2016


NEW YORK, April 29, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of all persons or entities who acquired Freshpet, Inc. (NASDAQ:FRPT) securities between April 1, 2015 and November 11, 2015 (the “Class Period”), inclusive.

Shareholders who have purchased Freshpet, Inc. securities are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

If you purchased shares of Freshpet, Inc. during the Class Period and suffered a loss, you may request that the Court appoint you lead plaintiff of the proposed class no later than June 20, 2016.

Freshpet manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. Freshpet’s products are sold to consumers through a network of company-owned branded refrigerators, known as Freshpet Fridges, which are located in grocery stores and other retail outlets.

The lawsuit alleges 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 that 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.

On August 11, 2015 Freshpet announced its financial results for the second quarter of 2015, the period ending June 30, 2015, and revealed that the company was experiencing weaker gross margins and slowing fridge growth. As a result, on August 12, 2015, the price of Freshpet common stock declined $0.87 per share, or 6%, to close at $13.73 per share, on heavy trading volume.

Then, on November 11, 2015, Freshpet announced its financial results for the third quarter of 2015, the period ending September 30, 2015. For the quarter, the company reported net sales of $30.6 million, adjusted EBITDA of $2.3 million, and Freshpet Fridges of 14,670. In reaction to this announcement, on November 12, 2015, the price of Freshpet common stock fell $2.09 per share, or 25%, to close at $6.28 per share.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the “Freshpet investigation.”


            

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