Investigation Overview
November 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors of TreeHouse Foods Inc. (NYSE:THS) shares over potential securities laws violations by TreeHouse Foods and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of TreeHouse Foods Inc. (NYSE:THS) concerning whether a series of statements by TreeHouse Foods Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
TreeHouse Foods Inc. reported that its annual Total Revenue rose from over $2.94 billion in 2014 to over $3.2 billion in 2015 and that its Net Income grew from $89.88 million in 2014 to $114.91 million in 2015.
On November 3, 2016, TreeHouse Foods Inc reported its results for the third quarter 2016 results. TreeHouse Foods Inc lowered its full-year profit forecast and said it would close a plant in Delta, British Columbia and cut jobs at its facility in Battle Creek, Michigan.
In a separate announcement on November 3, 2016, TreeHouse Foods Inc announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity.
Shares of TreeHouse Foods Inc. (NYSE:THS) declined from $88.54 per share in October 31, 2016 to as low as $67.25 per share in November 3, 2016
On November 8, 2016, NYSE:THS shares closed at $68.71 per share.