STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of Florida on
behalf of purchasers of PetMed Express, Inc. (Nasdaq: PETS) (“PetMed” or
the “Company”) securities during the period between May 8, 2017 and
August 23, 2017, inclusive (the “Class Period”). Investors who wish to
become proactively involved in the litigation have until October 24,
2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in PetMed securities during
the Class Period. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No class has yet
been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that the Company was marketing dangerous and
addictive animal drugs to humans, was vulnerable to potential civil and
criminal liability, and could be halted from advertising by Google.
According to the complaint, following an August 23, 2017 research report
alleging that the Company was aggressively marketing dangerous
painkillers to human opiate and drug users, which could capture the
attention of regulators, the value of PetMed shares declined
significantly.
If you have suffered a loss in excess of $100,000 from investment in
PetMed securities purchased on or after May 8, 2017 and held through the
revelation of negative information during and/or at the end of the Class
Period and would like to learn more about this lawsuit and your ability
to participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006294/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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