Core Viewpoint - Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) is facing a class action lawsuit due to allegations of misleading statements regarding its business model and growth prospects during the pandemic [3][5]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 14, 2021, to June 5, 2025 [3]. - Allegations include that Petco's pandemic-related growth was unsustainable and that its business model, which focuses on premium pet food, was overstated [3]. - The company is accused of downplaying the severity of issues affecting its business and overstating its ability to achieve sustainable, profitable growth [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by August 29, 2025 [4]. - Registration allows shareholders to receive updates on the case and does not incur any costs or obligations [4]. Law Firm Information - The Gross Law Firm is leading the class action and is recognized for protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
Petco Health and Wellness Company, Inc. Class Action: The Gross Law Firm Reminds Petco Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of August 29, 2025 – WOOF