Class Action Lawsuit Filed Against Petco Health and Wellness Company Inc. for Alleged Securities Fraud

Reuters

08-01

Class Action Lawsuit Filed Against <a href="https://laohu8.com/S/WOOF">Petco Health and Wellness</a> Company Inc. for Alleged Securities Fraud

A class action lawsuit has been filed against Petco Health and Wellness Company Inc., alleging securities law violations. The litigation, led by Berger Montague, involves investors who acquired Petco securities between January 14, 2021, and June 5, 2025. The complaint claims that Petco made false and misleading statements regarding its pandemic-related advantages and the sustainability of its premium pet food business model. Additionally, it alleges that the company overstated its capacity for profitable growth while minimizing operational challenges. These actions reportedly led to significant declines in Petco's stock price, including a notable drop of over 20% on August 24, 2023. Investors have until August 29, 2025, to seek appointment as lead plaintiff representatives in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 260841) on July 31, 2025, and is solely responsible for the information contained therein.

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The litigation, led by Berger Montague, involves investors who acquired Petco securities between January 14, 2021, and June 5, 2025. The complaint claims that Petco made false and misleading statements regarding its pandemic-related advantages and the sustainability of its premium pet food business model. Additionally, it alleges that the company overstated its capacity for profitable growth while minimizing operational challenges. These actions reportedly led to significant declines in Petco's stock price, including a notable drop of over 20% on August 24, 2023. Investors have until August 29, 2025, to seek appointment as lead plaintiff representatives in the case.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 260841) on July 31, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOOF","symbol_name":"Petco Health and Wellness Company, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250731:nNDL74v9yG:1","article_id":"2556858420","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556858420","pubTimestamp":1753989108,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"A class action lawsuit has been filed against Petco Health and Wellness Company Inc., alleging securities law violations. 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Additionally, it alleges that the company overstated its capacity for profitable growth while minimizing operational challenges. These actions reportedly led to significant declines in Petco's stock price, including a notable drop of over 20% on August 24, 2023. Investors have until August 29, 2025, to seek appointment as lead plaintiff representatives in the case.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petco Health and Wellness Company Inc. published the original content used to generate this news brief via Newsfile (Ref. 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