Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Green Mountain Coffee Roasters, Inc.


Monday, 7 May 2012 03:59pm EDT 

Robbins Geller Rudman & Dowd LLP (Robbins Geller) announced that a class action has been commenced in the United States District Court for the District of Vermont on behalf of purchasers of Green Mountain Coffee Roasters, Inc. (GMCR or the Company) common stock during the period between February 2, 2012 and May 2, 2012 (the Class Period). The complaint charges GMCR and certain of its officers and directors with violations of the Securities Exchange Act of 1934. GMCR describes itself as a in the specialty coffee and coffee maker businesses. The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company’s growth and demand for its products. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: that demand for the Company’s brewers and portion packs had slowed; that the Company’s models for predicting consumer demand were flawed and ineffective; and as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Plaintiff seeks to recover damages on behalf of all purchasers of GMCR common stock during the Class Period (the Class). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. 

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17 May 2013