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Bronstein, Gewirtz & Grossman, LLC notifies investors of class action against Weight Watchers International, Inc.

Monday, 24 Mar 2014 09:00am EDT 

Bronstein, Gewirtz & Grossman, LLC:Class action has been filed in United States District Court for Southern District of New York on behalf of those who purchased shares of Weight Watchers International, Inc. during period between Feb. 14, 2012 and Oct. 30, 2013.Complaint charges Weight Watchers and certain of its executives with violations of federal securities laws.Complaint alleges that Weight Watchers misrepresented and/or failed to disclose that Company was experiencing execution issues which were causing it to miss its internally-forecasted financial plan.Company was experiencing a significant drop in its meeting attendance figures in North America and the United Kingdom.Enrollment was being negatively impacted by increased competition from free weight-loss apps. 

Company Quote

-0.11 -0.39%
24 Oct 2014