Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for misleading statements made during the Class Period from January 14, 2021, to June 5, 2025, potentially affecting investors' financial interests [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Petco's pandemic-related business advantages were not sustainable and that the company's business model focused on premium pet food was overstated [5]. - Defendants allegedly failed to disclose the true extent of issues affecting Petco's business, including the necessary changes to address these issues and the negative impacts on comparable sales [5]. - The lawsuit asserts that public statements made by the defendants were materially false and misleading, leading to investor damages when the truth was revealed [5]. Group 2: Investor Participation - Investors who purchased Petco securities during the Class Period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the law firm for more information [3][6]. - A lead plaintiff is needed to represent the class, and interested parties must file their motion by August 29, 2025 [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions for investors [4]. - Founding partner Laurence Rosen has received recognition for his contributions to the plaintiffs' bar, further establishing the firm's credibility [4].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Petco Health and Wellness Company, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – WOOF