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 - EconoTimes)
NEW YORK, Aug. 30, 2017 -- The Law Offices of Vincent Wong announce that a securities action has been commenced on behalf of investors who purchased Blue Apron Holdings, Inc. ("Blue Apron") (NYSE:APRN) securities pursuant and/or traceable to the Company’s Initial Public Offering on or about June 29, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sbm/blue-apron-holdings-inc?wire=3. There is no cost or obligation to you.
The complaint filed in this class action alleges that Blue Apron violated the Securities Act of 1934 because the Registration Statement failed to disclose that: (1) rather than continue to significantly increase spending on advertising, Blue Apron had already decided to significantly reduce spending on advertising in Q2 2017, which would hurt sales and profit margins in future quarters; (2) Blue Apron was already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention; and (3) the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey.
If you suffered a loss in Blue Apron contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sbm/blue-apron-holdings-inc?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
