San Diego, CA -- (SBWIRE) -- 08/11/2015 -- An investigation for investors in shares of Boulder Brands Inc (NASDAQ:BDBD) was announced concerning potential breaches of fiduciary duties by certain Boulder Brands directors and officers that caused damages to BDBD stockholders.

Investors who are current long term investors in Boulder Brands Inc (NASDAQ:BDBD) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ:BDBD stocks follows a lawsuit filed against Boulder Brands Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:BDBD stocks, concerns whether certain Boulder Brands officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges that defendants allegedly failed to disclose that Boulder Brands Inc was having problems with its inventory management and the integration of recent acquisitions, that Boulder Brands' ongoing mix shift to lower margin products made its previously announced margin improvements unattainable, and that as a result of defendants' statements and omissions, Boulder Brands Inc stock traded at allegedly artificially inflated prices between December 23, 2013 and October 22, 2014, reaching a high of $17.94 per share on April 2, 2014.

On December 23, 2013 Boulder Brands Inc announced that it acquired 100% of the equity interests of Phil's Fresh Foods, LLC, owner of EVOL Foods ("EVOL"), for $48 million, before future tax benefits. Boulder Brands is buying EVOL from founder Phil Anson and a group of investors including Alliance Consumer Growth and an investment vehicle created by Revelry Brands and Spier Capital Management.

On February 27, 2014, Boulder Brands Inc announced its 2013 fourth quarter results. Boulder Brands Inc reported that its annual Total Revenue rose from $369.64 million in 2012 to $461.34 million in 2013 and that its respective Net Income increased from $4.20 million to $10.43 million.

Shares of Boulder Brands Inc (NASDAQ:BDBD) grew to as high as $17.94 per share in April 2014.

On May 8, 2014, Boulder Brands Inc announced its 2014 first quarter results. Boulder Brands Inc reported that its first quarter Revenue rose from $106.65 million in 2013 to $122.85 million in 2014. On August 7, 2014, Boulder Brands Inc announced its 2014 second quarter results. Boulder Brands Inc reported that its second quarter Revenue rose from $110.67 million in 2013 to $131.35 mllion in 2014.

Then, on October 22, 2014, Boulder Brands Inc provided an update on its anticipated third quarter 2014 financial results and its outlook for the fourth quarter of 2014, disclosing that during "the third quarter, we faced a number of headwinds that impacted our financial results." Boulder Brands Inc further disclosed that the "the mix shift of our fast-growing, lower margin Natural segment is significantly outpacing our higher margin Balance segment and is therefore putting increased pressure on our gross margins." In addition, Boulder Brands Inc revealed it was "expecting lower shipments due to a normalizing of certain inventories at our largest customer."

Shares of Boulder Brands Inc (NASDAQ:BDBD) declined to as low as $8.47 per share on October 24, 2014.

On February 26, 2015, Boulder Brands Inc announced its 2014 fourth quarter results. Boulder Brands Inc reported that while its annual Total Revenue rose from $461.34 million in 2013 to $516.63 million in 2014, its Net Income of $10.43 million in 2013 declined to a Net Loss of $127.08 million in 2014.

On August 7, 2015, shares of Boulder Brands Inc (NASDAQ:BDBD) closed at $9.25 per share.

Those who purchased shares of Boulder Brands Inc (NASDAQ:BDBD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com