A lawsuit was filed on behalf of investors in TreeHouse Foods Inc. (NYSE:THS) shares over alleged securities laws violations and NYSE:THS investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/06/2016 -- An investor, who purchased shares of TreeHouse Foods Inc. (NYSE:THS), filed a lawsuit in Illinois over alleged violations of Federal Securities Laws by TreeHouse Foods Inc. in connection with certain allegedly false and misleading statements.
Investors who significant amount of shares of TreeHouse Foods Inc. (NYSE:THS) have certain options and for certain investors are short and strict deadlines running. Deadline: January 17, 2016. NYSE:THS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that the Company's private label business was underperforming, that the Company's acquisition strategy was underperforming, that the Company had overstated its full-year 2016 guidance, and that as a result of the foregoing, Defendants' statements about TreeHouse's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On November 3, 2016, TreeHouse Foods Inc reported its results for the third quarter 2016 results. TreeHouse Foods Inc lowered its full-year profit forecast and said it would close a plant in Delta, British Columbia and cut jobs at its facility in Battle Creek, Michigan. In a separate announcement on November 3, 2016, TreeHouse Foods Inc announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity. Shares of TreeHouse Foods Inc. (NYSE:THS) declined from $88.54 per share in October 31, 2016 to as low as $67.25 per share in November 3, 2016
On December 5, 2016, NYSE:THS shares closed at $68.89 per share.
Those who purchased shares of TreeHouse Foods Inc. ) 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