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Case Status:   
On or around 04/11/2018 (Remanded)

Filing Date: March 24, 2016

According to the Complaint, on or about March 6, 2015, Sprouts conducted the registered public sale of the Selling Stockholders remaining shares of Sprouts common stock. Plaintiff and other members of the Class purchased Sprouts common stock pursuant to the Offering Documents.

The Complaint alleges the Offering Documents were negligently prepared, and, as a result,contained untrue statements of material facts and/or omitted to state facts necessary to make the statements made not misleading. Specifically, the Offering Documents incorporated by reference, among other documents, the Company's 2014 10-K. However, the Offering Documents failed to offer any qualifying discussion of the Company's statements regarding produce price deflation set forth in the 2014 10-K, or any discussion of then-current trends in price deflation and its effects on the Company's revenue growth.

On March 24, 2017, the Court granted a Motion to Remand this case to the Maricopa County Superior Court. On April 21, Defendants filed a Notice appealing the Motion to Remand. On April 11, 2018, Defendants filed a Motion voluntarily dismissing their appeal.


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


Ticker Symbol: SFM
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.
COURT: D. Arizona
DOCKET #: 16-CV-00815
JUDGE: Hon. Roslyn O Silver
DATE FILED: 03/24/2016
CLASS PERIOD END: 03/24/2016
  1. Labaton Sucharow LLP
  2. Zimmerman Reed, LLP (Phoenix)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available