March 21, 2014 – The following statement was issued by the law firm of Kessler Topaz Meltzer & Check, LLP:
“Notice is hereby given that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Weight Watchers International, Inc. between February 14, 2012 and October 30, 2013, inclusive (the “Class Period”).”
The Complaint alleges that, throughout the Class Period, Weight Watchers made materially false and misleading statements and/or concealed material adverse facts regarding the Company’s business and operations. More specifically, the Complaint charges Weight Watchers and certain of its executive officers with violations of the Securities Exchange Act of 1934, and alleges that the defendants made false and misleading statements that overstated the Company’s prospects and understated the level of competition it faced from free weight loss apps, causing Plaintiff and other members of the Class to purchase Weight Watchers common stock at artificially inflated prices.
A similar class action lawsuits was filed on March 21 by Robbins Geller Rudman & Dowd.
Another lawsuits was filed on March 25 by Lifshitz & Miller, which announced that a class action was filed in the United States District Court for the Southern District of New York, alleging Weight Watchers International, Inc. issued false and misleading statements during the period between February 14, 2012 and October 30, 2013.