Class Action Lawsuit Against Boulder Brands, Inc. on Behalf of Boulder Brands, Inc. Investors
Boulder Brands, Inc. Lawsuit Details
On April 1, 2015, a securities class action lawsuit was filed on behalf of purchasers of Boulder Brands, Inc. (NASDAQ: BDBD) common stock. The complaint alleges violations of federal securities laws, including alleging the issuance of materially false and misleading representations to the market which had the effect of artificially inflating the market price of the Company stock beginning December 23, 2013 through October 22, 2014. The lawsuit alleges that the Company failed to disclose that it was experiencing problems with its inventory management and the integration of recent acquisitions, and that the Company’s shift to lower margin products made its previously announced margin improvements unattainable.
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The Securities Fraud Attorneys at Gilman Law have over 35 years of experience in securities litigation. Our Investment Fraud Attorneys focus on cases involving securities litigation, securities fraud, mergers and acquisitions, breach of fiduciary duty and other shareholder disputes.