This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lieff Cabraser Announces Class Action Litigation Against Fairway Group Holdings Corp. - FWM

The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of those who purchased or otherwise acquired the securities of Fairway Group Holdings Corp. (“Fairway” or the “Company”) (NasdaqGM:FWM) between April 17, 2013 and February 6, 2014, inclusive (the “Class Period”), including purchasers of Fairway common stock pursuant and/or traceable to the Company’s Registration Statement and Prospectus (“Registration Statement”) issued in connection with Fairway’s initial public offering (“IPO”) on April 17, 2013.

If you purchased or otherwise acquired Fairway securities during the Class Period and/or pursuant or traceable to the Registration Statement, you may move the Court for appointment as lead plaintiff by no later than April 15, 2014. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Fairway investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Fairway Securities Class Litigation

Fairway, headquartered in New York, New York, and its subsidiaries operate in the retail food industry and purports to sell fresh, natural and organic products, prepared foods and specialty and gourmet offerings along with conventional groceries.

The actions allege that throughout the Class Period, defendants made materially false and misleading statements regarding Fairway’s business, operations, and compliance policies in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934. Specifically, defendants allegedly made false and/or misleading statements and/or failed to disclose that: (1) Fairway’s same store sales were declining; (2) the Company’s direct store expenses were increasing; (3) the Company’s financial forecasts were wholly unrealistic; and (4) as a result of the foregoing, Fairway’s public statements were materially false and misleading at all relevant times.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,111.27 +73.30 0.41%
S&P 500 2,113.81 +4.89 0.23%
NASDAQ 5,053.2210 -7.0250 -0.14%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs