SAN DIEGO, CA / ACCESSWIRE / October 11, 2017 / The Shareholders Foundation, Inc. announces that a deadline is coming up on October 16, 2017 in the lawsuit that was filed for certain investors in NYSE: APRN shares over alleged Securities Laws Violations by Blue Apron Holdings Inc. in connection with the Registration Statement issued in connection with the Company's initial public offering ("IPO").
Investors who purchased shares of Blue Apron Holdings Inc (NYSE: APRN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 29, 2017, Blue Apron Holdings Inc sold 30 million shares of stock in its initial public stock offering (the "IPO"), raising $300.0 million in new capital.
On August 17, 2017, a lawsuit was filed against Blue Apron Holdings Inc over alleged securities laws violations. The plaintiff claims that the Registration Statement failed to disclose that: rather than continue to significantly increase spending on advertising, Blue Apron had already decided to significantly reduce spending on advertising in Q2 2017, which would hurt sales and profit margins in future quarters, that that Blue Apron was already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention, and that that the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey.
Those who purchased Blue Apron Holdings Inc (NYSE: APRN) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
