A Deadline is coming up on October 11, 2016 in the lawsuit for investors in Flowers Foods, Inc. (NYSE:FLO and NYSE:FLO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/21/2016 -- A deadline is coming up on October 11, 2016 in the lawsuit filed for investors of Flowers Foods, Inc. (NYSE:FLO over alleged securities laws violations by Flowers Foods, Inc.
Investors who purchased shares of Flowers Foods, Inc. (NYSE:FLO) have certain options and there are strict and short deadlines running. Deadline: October 11, 2016. NYSE:FLO stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of Flowers Foods, Inc. (NYSE:FLO) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Flowers Foods, Inc. was improperly classifying employees as independent contractors, that the misclassification exposed Flowers Foods, Inc. to legal liability and/or negative regulatory action, that proper classification would have a negative impact on the Company's operations, and that, as a result of the foregoing, Defendants' statements about Flowers Foods' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On August 10, 2016, Flowers Foods, Inc reported its second quarter 2016 results and revised its fiscal 2016 guidance. Flowers Foods, Inc also disclosed that the U.S. Department of Labor had notified Flower Foods that it has been scheduled for a compliance review under the Fair Labor Standards Act.
Shares of Flowers Foods, Inc. (NYSE:FLO) declined from $19.62 per share on July 26, 2016 to as low as $14.35 per share on August 11, 2016.
Those who purchased shares of Flowers Foods, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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