SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

December 08, 2011 14:43 ET

The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Green Mountain Coffee Roasters, Inc. of Class Action Lawsuit and the Deadline of January 30, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Dec 8, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the U.S. District Court for the District of Vermont on behalf of investors who purchased Green Mountain Coffee Roasters, Inc. ("GMCR" or the "Company") (NASDAQ: GMCR) common stock between February 2, 2010 and November 9, 2011.

For more information, click here: http://zlk.9nl.com/green-mountain-gmcr/.

The complaint alleges that certain of its officers and directors misrepresented and/or failed to disclose the following adverse facts: (a) GMCR used its key fulfillment vendor, M. Block & Sons, to house excessively manufactured, expired, or otherwise unsold product; (b) GMCR materially overstated its revenues based on falsified sales orders for hundreds of millions of dollars in K-Cup and Keurig brewer products; (c) GMCR booked "revenues" associated with these false sales orders and shipments; (d) GMCR overstated its assets in proportion to its fictitious revenues by carrying the proceeds of dummy sales as assets on its balance sheet; and (e) as a result, GMCR's stock traded at artificially inflated prices.

On October 17, 2011, a report was released by a prominent activist investor that included witness testimonials by former GMCR and M. Block employees disclosing GMCR's misconduct. Following the release, GMCR shares fell approximately 10% from its closing price of $92.09 on October 14, 2011 to close at $82.50 on October 17, 2011 on heavy trading volume.

If you suffered a loss in GMCR you have until January 30, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/green-mountain-coffee-gmcr.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com