NEW ORLEANS, Aug. 25, 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 PetMed Express, Inc. (NASDAQ: PETS).
On August 23, 2017, it was revealed through a report issued by Aurelius Value that PetMed Express had targeted its products to opioid users through the use of Google ads and other marketing practices to potentially facilitate the abuse of opiates.
On this news, the price of PetMed's shares plummeted.
KSF's investigation is focusing on whether PetMed and/or its officers and directors violated state or federal securities laws.
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.