Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Weight Watchers International Inc (NYSE: WTW) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Weight Watchers International Inc (NYSE: WTW)concerning whether a series of statements by Weight Watchers International Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 5, 2015, Weight Watchers International Inc announced in regulatory filing that "the Audit Committee of the Board of Directors of the Company (the "Audit Committee") concluded that the Company's previously issued consolidated financial statements for the fiscal year ended January 3, 2015 ("fiscal 2014") as contained in the Company's 2014 Annual Report on Form 10-K should be restated with respect to the accounting for certain franchise rights acquired."
On this news, NYSE: WTW shares dropped $0.64 per share, to $7.55, or more than 7.81%, in intra-day trading on May 6, 2015.
Based in New York, NY and founded in 1961, Weight Watchers International Inc is a provider, worldwide, of weight management services both online and in-person group settings. The company also provides various products, including bars, snacks, cookbooks, food, and restaurant guides with PointsPlus values, Weight Watchers magazines, PointsPlus calculators, and fitness kits, as well as ActiveLink products.
If you purchased shares of Weight Watchers International Inc (NYSE: WTW) on or before May 6, 2015, you should contact Thieler Law Corp at mail@thielerlaw.comor call +1 (619) 377 - 4324.
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