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Freshpet Inc (NASDAQ:FRPT) Investor Securities Class Action Lawsuit 04/21/2016

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of February 18, 2020 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.

  • 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

Company
Freshpet Inc
Security
NASDAQ: FRPT

Case Name
Freshpet Shareholder Class Action Lawsuit 04/21/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of New Jersey

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
Freshpet_Settlement_10_02_2019.pdf
Settlement Proof
Freshpet_Proof_10_02_2019.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$10,100,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

November 20, 2019 - The court preliminarily approved the settlement.

October 2, 2019 - A stipulation of settlement was filed by the parties.

January 12, 2018 - The court denied the defendants' motion to dismiss.

May 26, 2017 - A motion to dismiss the amended complaint was filed.

March 27, 2017 - An amended complaint was filed.

April 21, 2016 (Shareholders Foundation) - An investor in shares of Freshpet Inc (NASDAQ:FRPT) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Freshpet Inc in connection with certain allegedly false and misleading statements made between April 1, 2015 and November 11, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Freshpet Inc (NASDAQ:FRPT) common shares between April 1, 2015 and November 11, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 1, 2015 and November 11, 2015 one of the Company's material customers, Target Corp., was undergoing a corporate reorganization and, accordingly, was delaying the installation of a significant number of Freshpet Fridges, that two of the Company's supermarket customers were experiencing financial hardships such that it was likely that any Freshpet Fridges located in their respective stores would soon have to be removed, and that due to the foregoing, the Company was not growing its overall number of installed Freshpet Fridges at the levels communicated to investors and was tracking well below internal forecasts for such placements.

Freshpet Inc went public on November 7, 2014, where it sold 10.4 million shares of stock in its initial public stock offering (“IPO”). On March 31, 2015 Freshpet Inc announced its fourth quarter and fiscal 2014 results and issued its guidance for the full year 2015. Freshpet Inc reported that its annual Total Revenue rose from $63.15 million in 2013 to $86.76 million in 2014 and that its Net Loss increased from $21.69 million in 2013 to $37.34 million in 2014. Shares of Freshpet Inc (NASDAQ:FRPT) grew to as high as $25.46 per share in April 2015.

On November 11, 2015, Freshpet Inc announced its third quarter 2015 financial results and updates its guidance for 2015. Shares of Freshpet Inc (NASDAQ:FRPT) declined to as low as $5.89 per share on November 12, 2015.

On April 22, 2016, NASDAQ:FRPT shares closed at $7.81 per share.

Date Settled