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Case Status:    DISMISSED    
On or around 10/03/2017 (Date of order of final judgment)

Filing Date: November 19, 2015

According to the law firm press release, GNC is a global specialty retailer of health and wellness products, including vitamins, minerals and herbal supplement products, sports nutrition products and diet products. The Company is headquartered in Pittsburgh, Pennsylvania.

The complaint alleges that during the Class Period, defendants issued false and misleading statements and/or failed to disclose material adverse information regarding GNC’s business and prospects, including, but not limited to: (i) that the Company had been selling certain products as lawful dietary supplements when, in fact, they contain potentially dangerous, unapproved drugs that may not be lawfully sold as dietary supplements in the United States; (ii) that the Company filed documents with the SEC that contained materially false and misleading representations about GNC’s product quality standards and quality controls, risk factors, financial statements and disclosure controls; and (iii) that the Company was experiencing declining supplement sales. Based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its 2015 financial outlook, business prospects and future operating performance.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Drugs)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GNC
Company Market: New York SE
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.
COURT: W.D. Pennsylvania
DOCKET #: 15-CV-01522
JUDGE: Hon. Nora Barry Fischer
DATE FILED: 11/19/2015
CLASS PERIOD START: 11/28/2011
CLASS PERIOD END: 10/28/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Johnson & Weaver LLP
    99 Madison Avenue, 5th Floor, Johnson & Weaver LLP, NY 10016
    212.802.1486 212.602.1592 ·
  2. Law Offices of Alfred G. Yates
    519 Alleghany Bldg., 429 Forbes Avenue, Law Offices of Alfred G. Yates, PA 15219
    412.391.5164 ·
  3. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
COURT: W.D. Pennsylvania
DOCKET #: 15-CV-01522
JUDGE: Hon. Nora Barry Fischer
DATE FILED: 03/21/2016
CLASS PERIOD START: 11/16/2011
CLASS PERIOD END: 10/28/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (New York, NY)
    1285 Avenue of the Americas, 33rd Floor, Bernstein Litowitz Berger & Grossmann LLP (New York, NY), NY 10019
    212.554.1400 212.554.1444 · blbg@blbglaw.com
  2. Carlson Lynch Sweet & Kilpela, LLP
    1133 Penn Avenue 5th Floor , Carlson Lynch Sweet & Kilpela, LLP , PA 15222
    412.322.9243 412.231.0246 ·
  3. Motley Rice LLC (Mount Pleasant)
    28 Bridgeside Boulevard, Motley Rice LLC (Mount Pleasant), SC 29464
    843.216.9000 843.216.9450 · inquiry@motleyrice.com
No Document Title Filing Date