Processing your request


please wait...

Case Page

 

Case Status:    DISMISSED  
—On or around 07/13/2016 (Stipulation and order of dismissal (voluntary dismissal))
Current/Last Presiding Judge:  
Hon. Vince Chhabria

Filing Date: June 19, 2015

Keurig Green Mountain Inc. ("Keurig" or the Company) is an American beverage company. The Company produces and sells coffee, hot cocoa, teas, and other beverages.

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.

Protected Content


Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.