SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

September 21, 2011 12:35 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in The Great Atlantic & Pacific Tea Company, Inc.

ATLANTA, GA--(Marketwire - Sep 21, 2011) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of purchasers of The Great Atlantic & Pacific Tea Company ("A&P" or the "Company") (PINKSHEETS: GAPTQ) (PINKSHEETS: GAJTQ) common stock who purchased shares between July 23, 2009 and December 10, 2010, inclusive (the "Class Period"). The lawsuit alleges that A&P knew but failed to disclose: (i) that A&P was facing increased low-cost competition from retailers such as Wal-Mart and Target Corp., which was negatively impacting the Company's business and financial condition; (ii) that the Pathmark acquisition was harmful to the Company because Pathmark's operations were in far worse condition than had been represented to investors; (iii) that A&P was not operating according to internal expectations and could not achieve the guidance sponsored and/or endorsed by defendants; and (iv) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and prospects.

If you purchased A&P common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than November 8, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are an A&P investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.