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Scott+Scott, Attorneys at Law, LLP Reminds Investors of October 16th Lead Plaintiff Deadline in Class Action Against Blue Apron Holdings Inc.Scott+Scott, Attorneys at Law, LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, reminds investors of upcoming October 16th lead plaintiff deadline in securities class actions against Blue Apron Holdings Inc. ("Blue Apron" or the "Company") (NYSE: APRN), related to violations of federal securities laws in connection with its June 29, 2017 Initial Public Offering ("IPO"). If you are a Blue Apron shareholder who bought in the IPO, you are encouraged to contact a Scott+Scott attorney for additional information. Blue Apron is a holding company focused on providing recipes and ingredients for making home cooking accessible. The Company held its IPO on June 29, 2017, selling its stock for $10 per share. According to the lawsuits, in connection with its IPO, Blue Apron emphasized in its Registration Statement filed with the SEC (News - Alert) that the company aimed to invest in marketing to drive customer acquisition and planned to introduce new products to increase the company's sales and profits. However, the complaints allege that the Registration Statement was misleading because it neglected to disclose that: (1) the Company had already decided to reduce spending on advertising; (2) the Company's orders were not arriving on time or with all the ingredients needed; and (3) the Company had encountered delays with its new factory in Linden, New Jersey. Since the IPO, Blue Apron's stock has declined over 49%. As of market close on October 11, 2017, the price was $5.09. What You Can Do If you purchased or acquired Blue Apron shares in or traceable to the IPO and you wish to discuss the lawsuits, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982 or at [email protected]. The deadline to move for Lead Plaintiff status is October 16, 2017. About Scott+Scott, Attorneys at Law, LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio. View source version on businesswire.com: http://www.businesswire.com/news/home/20171012005994/en/ |
