Thieler Law Corp advises investors with losses exceeding $100,000 of the June 1, 2015 lead plaintiff deadline in a class action lawsuit filed against Boulder Brands Inc (NASDAQ: BDBD) (“Boulder Brands” or “the Company”). The suit is pending in the U.S. District Court for the District of Colorado and investors, who purchased Boulder Brands securities between December 23, 2013 and October 22, 2014, have until June 1, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Boulder Brands Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements related and/or allegedly failed to disclose that Boulder Brands Inc allegedly failed to disclose that Boulder Brands Inc was having problems with its inventory management and the integration of recent acquisitions, that Boulder Brands’ ongoing mix shift to lower margin products made its previously announced margin improvements unattainable, and that as a result of defendants’ statements and omissions, Boulder Brands Inc stock traded at allegedly artificially inflated prices between December 23, 2013 and October 22, 2014, reaching a high of $17.94 per share on April 2, 2014.

On December 23, 2013 Boulder Brands Inc announced that it acquired 100% of the equity interests of Phil's Fresh Foods, LLC, owner of EVOL Foods ("EVOL"), for $48 million, before future tax benefits. Boulder Brands is buying EVOL from founder Phil Anson and a group of investors including Alliance Consumer Growth and an investment vehicle created by Revelry Brands and Spier Capital Management.

On February 27, 2014, Boulder Brands Inc announced its 2013 fourth quarter results. Boulder Brands Inc reported that its annual Total Revenue rose from $369.64 million in 2012 to $461.34 million in 2013 and that its respective Net Income increased from $4.20 million to $10.43 million.

Shares of Boulder Brands Inc (NASDAQ: BDBD) grew to as high as $17.94 per share in April 2014.

On May 8, 2014, Boulder Brands Inc announced its 2014 first quarter results. Boulder Brands Inc reported that its first quarter Revenue rose from $106.65 million in 2013 to $122.85 million in 2014. On August 7, 2014, Boulder Brands Inc announced its 2014 second quarter results. Boulder Brands Inc reported that its second quarter Revenue rose from $110.67 million in 2013 to $131.35 mllion in 2014.

Then, on October 22, 2014, Boulder Brands Inc provided an update on its anticipated third quarter 2014 financial results and its outlook for the fourth quarter of 2014, disclosing that during “the third quarter, we faced a number of headwinds that impacted our financial results.” Boulder Brands Inc further disclosed that the “the mix shift of our fast-growing, lower margin Natural segment is significantly outpacing our higher margin Balance segment and is therefore putting increased pressure on our gross margins.” In addition, Boulder Brands Inc revealed it was “expecting lower shipments due to a normalizing of certain inventories at our largest customer.”

Shares of Boulder Brands Inc (NASDAQ: BDBD) declined to as low as $8.47 per share on October 24, 2014.

On February 26, 2015, Boulder Brands Inc announced its 2014 fourth quarter results. Boulder Brands Inc reported that while its annual Total Revenue rose from $461.34 million in 2013 to $516.63 million in 2014, its Net Income of $10.43 million in 2013 declined to a Net Loss of $127.08 million in 2014.

On April 2, 2015, shares of Boulder Brands Inc (NASDAQ: BDBD) closed at $9.74 per share.

If you were negatively impacted by your investment in Boulder Brands securities between December 23, 2013 and October 22, 2014 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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