Petco Health and Wellness Company (NASDAQ: WOOF) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit

Group 1 - The core issue involves potential securities fraud claims against Petco Health and Wellness Company, linked to a class action lawsuit regarding misleading statements about its pandemic-related growth and the sustainability of its premium pet food business model [1][2] - Petco's stock price experienced significant declines, including a drop of over 20% on August 24, 2023, following a downward revision of its financial outlook, compounded by leadership changes and ongoing operational challenges [2][3] - The lawsuit highlights that Petco's shift to include "value" pet food brands and multiple executive departures indicated deeper operational weaknesses, leading to increased losses for investors [3] Group 2 - The class period for the lawsuit is defined as January 14, 2021, through June 5, 2025, allowing investors who acquired Petco stock during this timeframe to seek lead plaintiff status by August 29, 2025 [3] - Berger Montague, the firm investigating the claims, has a long history in securities class action litigation, representing investors for over five decades [5]