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Petco Health and Wellness Company, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 29, 2025 to Discuss Your Rights – WOOF
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Room·2025-08-04 20:23

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][4]. Summary by Relevant Sections Allegations - The lawsuit claims that Petco's pandemic-related growth was unsustainable and that its business model, which focuses on premium pet food, was overstated [3]. - It is alleged that the company downplayed the severity of issues affecting its business and the necessary changes to address these problems [3]. - The defendants are accused of overstating Petco's ability to achieve sustainable and profitable growth, leading to materially false and misleading public statements [3]. Class Period and Deadlines - The class period for the lawsuit is defined as January 14, 2021, to June 5, 2025 [3]. - Shareholders are encouraged to register for the class action by August 29, 2025, to participate in potential recovery [4]. 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 emphasizes its commitment to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].