SOURCE: Bronstein, Gewirtz & Grossman, LLC

October 04, 2010 14:03 ET

Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Green Mountain Coffee Roasters

NEW YORK, NY--(Marketwire - October 4, 2010) -  Bronstein, Gewirtz & Grossman, LLC announces that a class action has been filed in the United States District Court in Vermont on behalf of those who purchased or otherwise acquired stock of Green Mountain Coffee Roasters ("Green Mountain" or the "Company") (NASDAQ: GMCR) during the period between July 28, 2010 through and including September 28, 2010 (the "Class Period").

According to the complaint, Green Mountain and certain of its officers issued materially false and misleading financial statements that did not comply with Generally Accepted Accounting Principles and SEC rules. On September 28, 2010, the Company announced it was under investigation by the SEC for issues related to improper revenue recognition. The announcement also revealed that certain of the Company's previously issued financial statements would be restated. On this news, shares of the Company fell from $37 per share to a low of $27.47 per share.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. November 29, 2010 is the deadline for investors to seek a lead plaintiff appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration. 

Contact Information

  • Contact:
    Peretz Bronstein or Eitan Kimelman
    Bronstein, Gewirtz & Grossman, LLC
    212-697-6484
    Email Contact