SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 15, 2011 13:21 ET

The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in The Great Atlantic & Pacific Tea Company, Inc. of Class Action Lawsuit and Lead Plaintiff Deadline of November 8, 2011

NEW YORK, NY--(Marketwire - Sep 15, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of The Great Atlantic & Pacific Tea Company, Inc. ("A&P" or the "Company") (PINKSHEETS: GAPTQ) common stock from July 23, 2009 through December 10, 2010 (the "Class Period").

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The complaint alleges that during the Class Period defendants failed to disclose materially adverse facts about the Company's true financial condition, business, and prospects. Specifically, the complaint alleges that the Company failed to disclose that: (a) increased competition from retailers, such as Wal-Mart and Target Corp., was negatively impacting the Company's business and financial condition; (b) the Company's acquisition of Pathmark was disastrous, since Pathmark's operations were in far worse condition than previously represented to investors; (c) that A&P was not operating according to internal expectations; and (d) that as a result of the aforementioned, defendants lacked a reasonable basis for their positive statements regarding the Company, its business prospects and operations.

If you are a member of the class and suffered a loss in A&P stock, you have until November 8, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

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