The Law Firm Of Levi & Korsinsky Notifies Investors With Losses On Their Investment In Primo Water Corporation Of Class Action Lawsuit And The Deadline Of January 31, 2012 To Seek A Lead Plaintiff Position
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Middle District of North Carolina on behalf of investors who purchased Primo Water Corporation (“Primo Water” or the “Company”) (NASDAQ: PRMW) pursuant and/or traceable to the Company’s initial public offering on or about November 4, 2010 and August 10, 2011, inclusive.
For more information, click here: http://zlk.9nl.com/primo-water-prmw/.
The complaint alleges that defendants misrepresented and/or failed to disclose the following facts: (a) the robustness of its sales and the nature of the Company’s relationships with its primary retail customers; (b) the Company's growth rate had slowed and would be slower for the rest of 2011, if not beyond; (c) the Company would not meet the financial guidance it provided to investors; and (d) as a result of the foregoing, defendants' positive statements about the Company were lacking in a reasonable basis of fact and were materially false and misleading.
On August 10, 2011, the Company reported a net loss of $2.0 million or a loss of $0.10 per share and also revised downward its financial projections for the third and fourth quarters of 2011. On this news, Primo Water stock plunged from $13.92 per share on August 9, 2011 to close at $5.40 per share on August 10, 2011 on extremely heavy volume.If you suffered a loss in Primo Water you have until January 31, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/primo-water-prmw.html. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV