A lawsuit was filed on behalf of investors in Blue Apron Holdings Inc (NYSE:APRN) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 09/12/2017 --An investor, who purchased NYSE:APRN shares, filed a lawsuit over alleged violations of Federal Securities Laws by Blue Apron Holdings in connection with certain allegedly false and misleading statements made pursuant to the Registration Statement issued in connection with the Company's initial public offering ("IPO").

Investors who purchased shares of Blue Apron Holdings Inc (NYSE:APRN) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint the plaintiff alleges on behalf of investors of Blue Apron Holdings Inc (NYSE:APRN) common shares who purchased their shares pursuant to the Registration Statement issued in connection with the Company's IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement failed to disclose that: rather than continue to significantly increase spending on advertising, Blue Apron had already decided to significantly reduce spending on advertising in Q2 2017, which would hurt sales and profit margins in future quarters, that that Blue Apron was already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention, and that that the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey.

Those who purchased shares of Blue Apron Holdings Inc (NYSE:APRN) 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