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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of March 27, 2021 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
February 1, 2021 - The court preliminarily approved the settlement.
November 13, 2020 - An amended stipulation and agreement of settlement was entered by the parties.
October 28, 2020 - A stipulation and agreement of settlement was entered by the parties.
April 22, 2020 - The court denied the defendants' motion to dismiss.
May 21, 2018 - A motion to dismiss the amended complaint was filed.
February 27, 2018 - An amended complaint was filed.
August 17, 2017 (Shareholders Foundation) - An investor in shares of Blue Apron Holdings Inc (NYSE:APRN) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Blue Apron Holdings in connection with certain allegedly false and misleading statements made pursuant to the Registration Statement issued in connection with the Company’s initial public offering (“IPO”). If you purchased shares of Blue Apron Holdings Inc (NYSE:APRN), you have certain options and for certain investors are short and strict deadlines running. Deadline: October 16, 2017. NYSE:APRN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of investors of Blue Apron Holdings Inc (NYSE:APRN) common shares who purchased their shares pursuant to the Registration Statement issued in connection with the Company’s IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement failed to disclose that: rather than continue to significantly increase spending on advertising, Blue Apron had already decided to significantly reduce spending on advertising in Q2 2017, which would hurt sales and profit margins in future quarters, that that Blue Apron was already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention, and that that the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey. New York based Blue Apron Holdings, Inc. is a holding company focused on providing recipes and fresh ingredients for making home cooking accessible.
On June 29, 2017, Blue Apron Holdings Inc sold 30 million shares of stock in its initial public stock offering (the IPO ), raising $300.0 million in new capital.