Harwood Feffer LLP Announces Investigation of Freshpet, Inc.

Nov 17, 2015, 15:34 ET from Harwood Feffer LLP

NEW YORK, Nov. 17, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Freshpet, Inc. ("Freshpet" or the "Company") (NASDAQ: FRPT), concerning whether the board has breached its fiduciary duties to shareholders.

In November 2014, the Company conducted its IPO selling 10.4 million shares at $19.75 each.  In April 2015, Freshpet conducted a secondary offering and sold 5.1 million shares at $21.47 per share.    

Since that time, Freshpet stock has dropped significantly and is current trading at approximately $6.11 per share.  On November 11, 2015, the Company reported a loss of $0.05 per share for the third quarter and lowered guidance for the balance of 2015. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Freshpet shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:  bsachsmichaels@hfesq.com  Website:   http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO



SOURCE Harwood Feffer LLP