Petco Faces Class Action Lawsuit Over Alleged Securities Fraud, Investors Claim Misleading Statements

Reuters

Aug 25

Petco Faces Class Action Lawsuit Over Alleged Securities Fraud, Investors Claim Misleading Statements

A class action lawsuit has been filed against Petco Health and Wellness Company Inc., targeting the period between January 14, 2021, and June 5, 2025. The lawsuit alleges that the company engaged in securities fraud, misleading investors about the sustainability of its pandemic-related growth and its business model focused on premium pet food. It is claimed that Petco overstated the effectiveness of its product strategy and downplayed the severity of required changes and the potential negative impact on sales. These actions allegedly led to false and misleading public statements about the company's ability to achieve sustainable, profitable growth. The legal proceedings are being managed by Levi & Korsinsky, LLP.

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 ACCESS Newswire (Ref. ID: 1064846) on August 25, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: 1064846) on August 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4200","symbol_name":"专卖店","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250825:nNDL9K2fcs:1","article_id":"2562404246","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562404246","pubTimestamp":1756122253,"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., targeting the period between January 14, 2021, and June 5, 2025. The lawsuit alleges that the company engaged in securities fraud, misleading investors about the sustainability of its pandemic-related growth and its business model focused on premium pet food. It is claimed that Petco overstated the effectiveness of its product strategy and downplayed the severity of required changes and the potential negative impact on sales. These actions allegedly led to false and misleading public statements about the company's ability to achieve sustainable, profitable growth. The legal proceedings are being managed by Levi & Korsinsky, LLP.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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