Core Viewpoint - Berger Montague is investigating potential securities fraud claims against Petco Health and Wellness Company, Inc. related to a class action lawsuit alleging misleading statements about the company's growth and business model sustainability [1][2]. Group 1: Allegations and Impact - The complaint claims that Petco made materially false and misleading statements regarding its pandemic-related growth and the sustainability of its premium pet food business model [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 [2]. - The lawsuit suggests 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: Legal Proceedings - Investors who acquired Petco stock between January 14, 2021, and June 5, 2025, may seek lead plaintiff status in the case by August 29, 2025 [3].

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its business model and growth prospects [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to Petco's securities purchased between January 14, 2021, and June 5, 2025, during which investors are encouraged to participate if they suffered losses [2]. - The Schall Law Firm is representing investors and has not yet certified the class in this case [3]. Group 2: Allegations Against Petco - The complaint alleges that Petco's business model of selling premium pet food was unsustainable and that the company overstated the impact of its differentiated product strategy [4]. - It is claimed that Petco downplayed significant challenges that could negatively affect sales and overstated opportunities for sustainable growth [4]. - The lawsuit asserts that Petco's public statements were false and materially misleading, leading to investor damages when the truth was revealed [4].