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INVESTOR ALERT: Berger Montague Advises Petco Health and Wellness Company (NASDAQ: WOOF) Investors to Inquire About a Securities Fraud Class Action by August 29, 2025
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Roomยท2025-08-11 19:36

Core 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 Action and Allegations - A class action lawsuit has been initiated on behalf of investors who purchased Petco securities during the specified Class Period [1][2]. - 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, leading to significant stock price declines, including a drop of over 20% on August 24, 2023, after a downward revision of financial guidance [3]. Group 2: Investor Information - Investors who acquired Petco securities during the Class Period have until August 29, 2025, to seek appointment as lead plaintiff representative of the class [2]. - For more information regarding the legal action, investors can contact Berger Montague [4][6].