NEW ORLEANS, June 3, 2016 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 20, 2016 to file lead plaintiff applications in a securities class action lawsuit against Freshpet, Inc. (NasdaqGM: FRPT), if they purchased the Company's securities between April 1, 2015 and November 11, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of New Jersey.
What You May Do
If you purchased shares of Freshpet and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 20, 2016.
About the Lawsuit
Freshpet and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false statements and omissions include, but are not limited to, that: (i) one of Freshpet's main customers, Target Corp., was undergoing a corporate reorganization resulting in a delay of the installation of Freshpet Fridges; (ii) two of Freshpet's supermarket customers were experiencing financial hardships, making it likely that any Freshpet Fridges in their respective stores would have to be removed; and, therefore, (iii) Freshpet was not growing its overall number of installed Freshpet Fridges at the levels communicated to investors and was tracking well below internal forecasts for placements.
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
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SOURCE Kahn Swick & Foti, LLC