Petco Class Action Lawsuit Filed Over Securities Violations

A class action lawsuit has been filed against Petco Health and Wellness Company, alleging securities law violations. The lawsuit claims that Petco and certain officers misled investors by making false statements about the company's financial performance during the class period of January 14, 2021 to June 5, 2025. Investors who purchased Petco securities during this time have until August 29, 2025 to join the lawsuit.

Title: Class Action Lawsuit Filed Against Petco Health and Wellness Company

Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) is facing a class action lawsuit alleging securities law violations. The lawsuit, filed by investors, claims that Petco and certain officers misled investors by making false statements about the company's financial performance during the class period of January 14, 2021, to June 5, 2025. Investors who purchased Petco securities during this time have until August 29, 2025, to join the lawsuit [1][2][3][4].

The lawsuit alleges that Petco's pandemic-related tailwinds were unsustainable, and its business model of selling primarily premium and/or high-grade pet food was overstated. The defendants are accused of downplaying the true scope and severity of these issues, as well as the negative impacts of their mitigation strategies on Petco's comparable sales metrics. As a result, investors were led to believe that Petco could deliver sustainable, profitable growth, which was materially false and misleading [1][2][3][4].

Investors who suffered losses during the relevant time frame are encouraged to join the class action lawsuit. There is no cost or obligation to participate, and the ability to share in any recovery does not require serving as a lead plaintiff. The deadline to request appointment as lead plaintiff is August 29, 2025 [1][2][3][4].

Levi & Korsinsky, LLP, a leading securities litigation firm, is representing the investors in this class action lawsuit. The firm has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has ranked in the ISS Securities Class Action Services' Top 50 Report for seven consecutive years [1][2].

Additionally, Johnson Fistel, PLLP, a nationally recognized shareholder rights law firm, has initiated an investigation into the board members and executive officers of Petco for potential breaches of fiduciary duties and violations of the federal securities laws. The firm is encouraging current stockholders who held their Petco stock before January 14, 2021, to contact them to discuss their legal rights in this matter [3].

Berger Montague, a pioneer in securities class action litigation, is also investigating potential securities fraud claims on behalf of Petco investors. The firm is urging investors who acquired Petco stock during the Class Period to seek lead plaintiff status by August 29, 2025 [4].

Investors are advised to review the provided links for more information and to contact the respective law firms if they wish to participate in the lawsuit or investigation [1][2][3][4].

References:
[1] https://www.prnewswire.com/news-releases/petco-health-and-wellness-company-inc-class-action-levi--korsinsky-reminds-petco-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-august-29-2025--woof-302521394.html
[2] https://www.globenewswire.com/news-release/2025/08/08/3130353/3080/en/Levi-Korsinsky-Notifies-Petco-Health-and-Wellness-Company-Inc-Investors-of-a-Class-Action-Lawsuit-and-Upcoming-Deadline-WOOF.html
[3] https://www.morningstar.com/news/globe-newswire/9507209/johnson-fistel-begins-investigation-on-behalf-of-petco-health-and-wellness-company-inc-shareholders
[4] https://www.nasdaq.com/press-release/shareholder-deadline-petco-health-and-wellness-company-woof-investors-are-reminded