An investigation for investors in TreeHouse Foods Inc. (NYSE:THS) shares over potential securities laws violations was announced and NYSE:THS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/06/2017 -- An investigation was announced for investors of TreeHouse Foods Inc. (NYSE:THS) shares over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of TreeHouse Foods Inc. (NYSE:THS), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of TreeHouse Foods Inc. (NYSE:THS) concerning whether a series of statements regarding TreeHouse Foods Inc's business, its prospects and its operations were materially false and misleading at the time they were made.
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 November 16, 2016, a lawsuit was filed against TreeHouse Foods Inc over alleged Securities Laws Violations. The plaintiff claimed that between February 1, 2016 and November 2, 2016 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 February 9, 2017, TreeHouse Foods Inc. reported its fourth quarter 2016 results and provided its outlook for 2017. TreeHouse Foods Inc. reported that its annual Total Revenue rose from over $3.2 billion in 2015 to over $6.17 billion in 2016 and that its Net Income of $114.91 million declined to a Net loss of $228.59 million in 2016.
Shares of TreeHouse Foods Inc. (NYSE:THS) grew from $63.34 per share on November 11, 2016 to as high as $89.06 per share, respectively $85.74 per share in July 2017.
On November 2, 2017, TreeHouse Foods Inc. reported its third quarter 2017 results and revised its full year guidance. Shares of TreeHouse Foods Inc. (NYSE:THS) declined to $40.50 per share on November 2, 2017.
Those who purchased shares of TreeHouse Foods Inc. (NYSE:THS) have certain options and should contact the Shareholders Foundation.
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