NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors with losses in
excess of $100,000 that they have only until May 3, 2019 to file
lead plaintiff applications in a securities class action lawsuit against
Weight Watchers International, Inc. (NasdaqGS: WTW, WW). Investor losses
must relate to purchases of the Company’s shares between May 4, 2018 and
February 26, 2019. This action is pending in the United States District
Court for the Southern District of New York.
What You May Do
If you purchased shares of Weight Watchers and would like to discuss
your legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850
or via email ([email protected]),
or visit https://www.ksfcounsel.com/cases/nasdaqgs-wtw/
to learn more. If you wish to serve as a lead plaintiff in this class
action by overseeing lead counsel with the goal of obtaining a fair and
just resolution, you must request this position by application to the
Court by May 3, 2019.
About the Lawsuit
On February 26, 2019, the Company disclosed that its quarterly
subscriber count had decreased to 3.9M subscribers with enrollment
continuing to decline during FY2019; its FY2019 revenue target was
downgraded to $1.4B, much less than the $1.7B it had led the market to
expect; and EPS decreased to $1.25-$1.50, significantly lower than
market expectations of $3.36.
On this news, the price of Weight Watchers’ shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
