Cases
Blue Apron Holdings, Inc. (NYSE: APRN)
Securities Class Action
Overview
Overview
- Date:
- 10/4/2017
- Company Name:
- Blue Apron Holdings, Inc.
- Stock Symbol:
- APRN
- Class Period:
- FROM 6/26/2017 TO 8/17/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Eastern District of New York
NEW YORK, October 4, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Blue Apron Holdings, Inc. (NYSE: APRN) securities between June 26, 2017 and August 17, 2017 (the “Class Period”). Investors have until October 16, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that Blue Apron’s Registration Statement in connection to the IPO failed to disclose that: (1) Blue Apron had decided to significantly reduce spending on advertising in Q2 2017, hurting sales and profit margins in future quarters; (2) Blue Apron was experiencing difficulty with customer retention due to orders not arriving on time or with all expected ingredients; and (3) the Company was experiencing delays in Q2 2017 with its new factory in Linden, New Jersey.
Since the IPO, Blue Apron shares have fallen $4.66 per share, or 4.66%, to close at $5.34 per share on October 4, 2017
If you purchased or otherwise acquired Blue Apron securities traceable to the IPO and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that Blue Apron’s Registration Statement in connection to the IPO failed to disclose that: (1) Blue Apron had decided to significantly reduce spending on advertising in Q2 2017, hurting sales and profit margins in future quarters; (2) Blue Apron was experiencing difficulty with customer retention due to orders not arriving on time or with all expected ingredients; and (3) the Company was experiencing delays in Q2 2017 with its new factory in Linden, New Jersey.
Since the IPO, Blue Apron shares have fallen $4.66 per share, or 4.66%, to close at $5.34 per share on October 4, 2017
If you purchased or otherwise acquired Blue Apron securities traceable to the IPO and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.