PetMed Express Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: PetMed Express Inc
Stock Symbol : NASDAQ: PETS
Class Period Start: 05/08/2017
Class Period End: 08/23/2017
Lead Plaintiff motion: 10/24/2017
Date Filed: 08/25/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of Florida
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the October 24, 2017 lead plaintiff deadline in a class action lawsuit filed against PetMed Express Inc (NASDAQ: PETS) (“PetMed Express” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Florida and investors, who purchased PetMed Express Inc securities between May 8, 2017, and August 23, 2017, have until October 24, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased PetMed Express 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 the Company was marketing dangerous and addictive animal drugs to humans; that, as such, the Company is vulnerable to potential civil or criminal liability, as well as other regulatory action; that, as a result of the foregoing, Google may halt the Company’s advertising activities; and that, as a result of the foregoing, Defendants statements about PetMed’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On August 23, 2017, a report published by Aurelius Value claimed that PetMed Express Inc targets opioid users with Google ads and other marketing techniques to facilitate the abuse of opiates.

Following this news, NASDAQ: PETS fell $3.19 per share, more than 8%, to close at $36.22 per share on August 23, 2017.

If you were negatively impacted by your investment in PetMed Express Inc securities between May 8, 2017, and August 23, 2017 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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