On or around 08/26/2016 (Other)
Filing Date: June 19, 2015
According to the law firm press release, the lawsuit alleges defendants during the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants’ projections for sales were unrealistic and unattainable given the continuing consumer confusion over Keurig Green Mountain’s Keurig 2.0 brewing system; (2) the retail distribution of Keurig Green Mountain’s new cold brewing system, Keurig Kold, would be delayed; and (3) as a result, Defendants’ statements about Keurig Green Mountain’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
Plaintiffs filed a consolidated complaint on November 6, 2015.
On March 2, 2016, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to file an amended complaint, which they did on March 23.
This case was voluntarily dismissed on July 13, 2016.
Company & Securities Information
Defendant: Keurig Green Mountain, Inc.
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: GMCR
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Edward Blasco, et al. v. Keurig Green Mountain, Inc., et al.