Case Page

 

Case Status:    ONGOING    
On or around 11/27/2017 (Ongoing date of last review)

Filing Date: August 25, 2017

According to the law firm press release, the complaint filed in this class action alleges that throughout the Class Period, the Company made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company was marketing dangerous and addictive animal drugs to humans; (2) that, as such, the Company is vulnerable to potential civil or criminal liability, as well as other regulatory action; (3) that, as a result of the foregoing, Google may halt the Company’s advertising activities; and (4) that, as a result of the foregoing, Defendants’ statements about PetMed’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On November 27, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel and consolidating Cases. The consolidated Cases shall be identified as: “In re PetMed Express, Inc. Securities Litigation.”

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: PETS
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: S.D. Florida
DOCKET #: 17-CV-80980
JUDGE: Hon. William P. Dimitrouleas
DATE FILED: 08/25/2017
CLASS PERIOD START: 05/08/2017
CLASS PERIOD END: 08/23/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Desmond Law Firm PC
    2161 Palm Beach Lakes Boulevard, Suite 204, Desmond Law Firm PC, FL 33409
    561.712.8000 561.712.8000 · stocklaw@bellsouth.net
  2. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
No Document Title Filing Date