NEW YORK, May 22, 2015 /PR Newswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in Boulder Brands, Inc. ("Boulder" or the "Company") (NASDAQ: BDBD) of the June 1, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Boulder and certain executives.
A complaint has been filed in the District of Colorado on behalf of all persons who purchased or otherwise acquired Boulder common stock from December 23, 2013 through October 22, 2014 (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company failed to disclose that (1) Boulder was having inventory management problems; (2) Boulder was having problems with the integration of recent acquisitions; and (3) Boulder's continuing mix shift to lower margin products rendered the Company's previously announced margin improvements unattainable.
On October 22, 2014, Boulder announced that its mix shift of lower margin products was significantly outpacing its higher margin products.
Following this news, the price of the Company's stock declined by $3.11 per share, or over 24%, to close at $9.62 on October 22, 2014.
Request more information now by clicking here: www.faruqilaw.com/BDBD. There is no cost or obligation to you.
If you invested in Boulder stock or options during the Class Period and would like to discuss your legal rights, visit www.faruqilaw.com/BDBD. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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