NEW YORK, March 24, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Weight Watchers International, Inc. ("Weight Watchers" or the "Company") (NYSE: WTW), during the period between February 14, 2012 and October 30, 2013, inclusive (the "Class Period").
The complaint charges Weight Watchers and certain of its executives with violations of federal securities laws. Specifically, the complaint alleges that Weight Watchers misrepresented and/or failed to disclose that: (1) the Company was experiencing execution issues which were causing it to miss its internally-forecasted financial plan; (2) the Company was experiencing a significant drop in its meeting attendance figures in North America and the United Kingdom; and (3) enrollment was being negatively impacted by increased competition from free weight-loss apps.
Plaintiff seeks to recover damages on behalf of all Weight Watchers shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. May 20, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC