Class Action Lawsuit on Behalf of Keurig Green Mountain, Inc. Investors
Keurig Green Mountain Inc. Lawsuit Details
Gilman Law LLP has announced that federal securities class action lawsuit have been filed on behalf of purchasers of Keurig Green Mountain, Inc. (NASDAQ: GMCR) common stock between February 4, 2015 and May 14, 2015. The complaints allege false and/or misleading statements made by the company’s top executives relating to the sales projections of a new larger capacity brewer and the release of a cold-drink system. The plaintiff states that in February, 2015 the company projected net sales growth in the midsingle digits for the 2nd quarter. Also, CEO Brian P. Kelly told analysts during a conference call that Keurig Kold was on track to be released later in the year. When Keurig’s second quarter numbers were reported in early May of 2015, the net sales growth was just 2%, causing shares to drop more than 9% to $98.16. Keurig’s shares were hit again a week later then the company announced during a webcast that the Keurig Kold would be available online and in select stores in the fall but not available in all retail stores until 2016. Upon this news, Keurig’s stock fell 8% to close at $94.26.
About Our Investment Fraud Attorneys
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.For a free evaluation of your case or to obtain additional information, please complete the Investor Certification or CALL TOLL FREE (888) 252-0048.