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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
Petco Health and Wellness panyPetco Health and Wellness pany(US:WOOF) GlobeNewswire News Roomยท2025-08-28 20:34

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].