Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for allegedly making false or misleading statements regarding its business operations and prospects during the pandemic period [2][4]. Group 1: Lawsuit Details - The class action lawsuit is filed on behalf of all individuals and entities who purchased Petco securities between January 14, 2021, and June 5, 2025 [2]. - Investors have until August 29, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations Against Petco - The lawsuit alleges that Petco's pandemic-related growth was unsustainable and that its business model focused on premium pet food was flawed [4]. - It is claimed that the strength of Petco's differentiated product strategy was overstated, and the company downplayed the severity of operational issues [4]. - The defendants are accused of overstating Petco's ability to achieve sustainable and profitable growth [4].
PETCO FINAL DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Petco Health and Wellness Company, Inc. and Encourages Investors to Contact the Firm Before August 29th