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Case Status:    DISMISSED    
On or around 03/21/2018 (Court's order of dismissal)

Filing Date: March 02, 2018

Sprouts operates a chain of grocery stores that has grown to include 208 stores in thirteen states as of June 28, 2015.

According to the Complaint, this is a securities class action on behalf of all purchasers of the common stock of Sprouts pursuant to the Offering Documents (as defined herein) issued in connection with the underwritten secondary public offering for an aggregate of 15,847,800 shares of Sprouts common stock by AP Sprouts Holdings, LLC (“AP Sprouts Holdings”) and AP Sprouts Holdings (Overseas), L.P. (“AP Sprouts Overseas,” and together with AP Sprouts Holdings, the “Selling Stockholders”), which closed on or about March 10, 2015 (the “Offering”), seeking to pursue remedies under the Securities Act of 1933 (the “Securities Act”).

On March 4, 2015, Sprouts filed a Registration Statement on Form S-1 (the “Registration Statement”) with the SEC registering the Selling Stockholders’ remaining 15,847,800 shares of Sprouts common stock for sale to the public at a maximum offering price of $35.85 per share. The Registration Statement included a prospectus dated March 4, 2015. The following day, on March 5, 2015, Sprouts filed a prospectus supplement on Form 424B4 to the prospectus included in the Registration Statement (the “Prospectus” and together with the Registration Statement, the “Offering Documents”), with the final offering price of $35.30 per share.

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 that 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.

This case was voluntarily dismissed on March 20, 2018.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

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 #: 18-CV-00695
JUDGE: Hon. Steven P Logan
DATE FILED: 03/02/2018
CLASS PERIOD START: 03/06/2015
CLASS PERIOD END: 03/10/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Christian Anderson PLC
    5050 North 40th Street, Suite 320, Christian Anderson PLC, AZ 85018
    602.478.6828 ·
  2. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 · info@labaton.com
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