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Feb. 12, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fairway Group Holdings Corporation ("Fairway" or the "Company")(NasdaqGS: FWM). Such investors are advised to contact
Robert S. Willoughby at
firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether FWM and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
February 6, 2014, Fairway announced its results for the third quarter of 2014, disclosing that it had a net loss of
74 cents per share, a bigger loss than the
70-cent per share loss analysts expected, and revenue of only
$205.7 million, which was
$2 million less than analysts expected. Additionally, Fairway's same-store sales declined by 1.7% due, in part, to a compressed holiday shopping period and the beneficial impact of Sandy in the year earlier due to a pre- and post-storm stock-up.
On this news, FWM shares fell
$3.31 per share to
$8.12, or more than 28.95%, on
February 10, 2014.
The Pomerantz Firm, with offices in
San Diego and
Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See
CONTACT: Robert S. Willoughby Pomerantz LLP
SOURCE Pomerantz LLP