Petco Health and Wellness pany(US:WOOF) Prnewswireยท2025-07-14 20:16Core Viewpoint - Berger Montague is investigating potential securities law violations involving Petco Health and Wellness Company, with a class action lawsuit filed for investors who acquired Petco securities between January 14, 2021, and June 5, 2025 [1][2] Group 1: Legal Investigation and Class Action - A class action lawsuit has been initiated on behalf of investors who purchased Petco securities during the specified Class Period [1][2] - Investors have until August 29, 2025, to seek appointment as lead plaintiff representative of the class [2] Group 2: Allegations Against Petco - The complaint alleges that Petco made materially false and misleading statements regarding its pandemic-related advantages and the sustainability of its premium pet food business model [3] - It is claimed that Petco overstated its ability to achieve profitable growth while downplaying operational challenges [3] - These alleged misrepresentations resulted in significant declines in Petco's stock price, including a drop of over 20% on August 24, 2023, following a downward revision of financial guidance [3]