Flowers Foods Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Flowers Foods Inc |
Stock Symbol : | NYSE: FLO |
Class Period Start: | 02/07/2013 |
Class Period End: | 08/10/2016 |
Lead Plaintiff motion: | 10/11/2016 |
Date Filed: | 08/12/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 11, 2016 lead plaintiff deadline in a class action lawsuit filed against Flowers Foods Inc (NYSE: FLO) (“Flowers Foods” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Flowers Foods Inc securities between February 7, 2013 and August 10, 2016, have until October 11, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Flowers Foods Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 and/or allegedly failed to disclose that Flowers Foods was improperly classifying employees as independent contractors; that the misclassification exposed the Company to legal liability and/or negative regulatory action; and that proper classification would have a negative impact on the Company’s operations. On August 10, 2016, Flowers Foods revealed that the U.S. Department of Labor scheduled a compliance review of the Company under the Fair Labor Standards Act. Also, the Company issued a press release announcing disappointing Q2 2016 financial results. Following this news, NYSE: FLO dropped $1.20 per share, or 7.4%, to close at $14.95 per share on August 11, 2016. If you were negatively impacted by your investment in Flowers Foods Inc securities between February 7, 2013 and August 10, 2016 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |