NEW ORLEANS, Aug. 11, 2017 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Blue Apron Holdings, Inc. (NYSE: APRN).
On August 10, 2017, Blue Apron released its first post-IPO earnings report revealing a loss of 47 cents a share, or $31.6 million, during the second quarter, a notably higher loss than analysts' expectations. The Company also reported a rise in costs of 86% or $65.7 million. This follows the recent sudden resignation of the Company's co-founder and Chief Operating Officer as well as reports of staffing cuts.
On this news, the price of Blue Apron's shares plummeted, down significantly since its late-June IPO.
KSF's investigation is focusing on whether Blue Apron and/or its officers and directors violated state or federal securities laws.
If you are a Blue Apron shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit http://ksfcounsel.com/cases/nyse-aprn-investigation/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
View original content with multimedia:http://www.prnewswire.com/news-releases/blue-apron-investigation-initiated-by-former-louisiana-attorney-general--kahn-swick--foti-llc-investigates-blue-apron-holdings-inc-for-possible-securities-fraud---aprn-300503440.html
SOURCE Kahn Swick & Foti, LLC