LOS ANGELES, Oct. 13, 2017 (GLOBE NEWSWIRE) -- Goldberg Law PC , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Blue Apron Holdings, Inc. (“Blue Apron” or the “Company”) (NYSE: APRN ) for violations of federal securities laws.
Investors who purchased the Company’s shares pursuant and/or traceable to its initial public offering on June 29, 2017 (the “IPO”), are encouraged to contact the firm by October 16, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss in connection with the IPO, click here to participate .
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401 , to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/ , or by email at info@goldberglawpc.com .
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that the Registration Statement filed in connection with the IPO failed to disclose that: Blue Apron decided to significantly reduce spending on advertising in Q2 2017, hurting sales and profit margins in future quarters; that the Company was experiencing difficulty with customer retention due to orders not arriving on time or with all expected ingredients; and that the Company was experiencing delayed orders in Q2 2017 related to its new factory in Linden, New Jersey. Since the IPO, Blue Apron’s stock price has fallen materially, which caused investors harm according to the Complaint.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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Contact:
Goldberg Law PC, Los Angeles Michael Goldberg, Esq., 800-977-7401 Brian Schall, Esq., 800-977-7401 info@goldberglawpc.com www.Goldberglawpc.com
