NEW YORK, May 22, 2015 /PR Newswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, notifies
investors in Boulder Brands, Inc. ("Boulder" or the "Company")
(NASDAQ: BDBD) of the June 1, 2015
deadline to seek the role of lead plaintiff in a federal securities
class action lawsuit filed against Boulder and certain
executives.
A complaint has been filed in the District of Colorado on behalf of all persons who
purchased or otherwise acquired Boulder common stock from
December 23, 2013 through
October 22, 2014 (the "Class
Period").
The complaint alleges that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period,
the Company failed to disclose that (1) Boulder was having
inventory management problems; (2) Boulder was having problems with
the integration of recent acquisitions; and (3) Boulder's
continuing mix shift to lower margin products rendered the
Company's previously announced margin improvements
unattainable.
On October 22, 2014, Boulder
announced that its mix shift of lower margin products was
significantly outpacing its higher margin products.
Following this news, the price of the Company's stock declined
by $3.11 per share, or over 24%, to
close at $9.62 on October 22, 2014.
Request more information now by clicking here:
www.faruqilaw.com/BDBD. There is no cost or obligation to
you.
Take Action
If you invested in Boulder stock or options during the Class
Period and would like to discuss your legal rights, visit
www.faruqilaw.com/BDBD. You can also contact us by calling
Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding the Company's conduct
to contact the firm, including whistleblowers, former employees,
shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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Attorney Advertising. The law firm responsible for this
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(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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