NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating potential civil securities claims against Annie's, Inc. (NYSE:BNNY) resulting from allegations that the Company may have issued materially inaccurate statements about the Company’s true financial condition and prospects.
On June 2, 2014, Annie’s disclosed in a U.S. Securities and Exchange Commission (“SEC”) filing that it has identified “a material weakness relating to our internal control over financial reporting” due to “an insufficient complement of finance and accounting resources, including employee turnover, within the organization resulting in design deficiencies in certain areas in which our controls were not precise enough.” In reaction to this news, shares of Annie’s fell $1.07 to close at $ 31.65 on June 2, 2014.
On June 4, 2014, Annie’s revealed in a SEC filing that its independent accounting firm, PricewaterhouseCoopers LLP, is resigning, effective August 11, 2014. In reaction to this news, shares of Annie’s fell $1.90 per share, or approximately 6%, to close at $30.07 on June 4, 2014.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Annie’s investors. If you purchased Annie’s stock prior to June 4, 2014 please visit the website at http://rosenlegal.com to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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