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.
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