INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Flowers Foods, Inc. & Encourages Investors ...
August 18 2016 - 3:15PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Flowers Foods, Inc. (“Flowers Foods”
or the “Company”) (NYSE: FLO). Investors who purchased or otherwise
acquired shares between February 7, 2013 and August 10, 2016
inclusive (the “Class Period”) are encouraged to contact the Firm
in advance of the October 11, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, the Company issued false and
misleading statements and/or failed to disclose that: Flowers Foods
was improperly classifying employees as independent contractors;
that the misclassification exposed Flowers Foods to legal liability
and/or negative regulatory action; that proper classification would
have a negative impact on Flowers Foods’ operations; and that as a
result of the above, the Company’s public statements were
materially false and misleading at all relevant times. On August
10, 2016, the Company announced that the U.S. Department of Labor
scheduled a compliance review of Flowers Foods under the Fair Labor
Standards Act. After the market closed that day, the Company issued
a press release announcing disappointing Q2 2016 financial results.
When this news was released, shares of Flowers Foods decreased in
value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160818006095/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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