Petco investors seek lead plaintiff for class action lawsuit.

Petco Health and Wellness Company shareholders who purchased shares between January 14, 2021, and June 5, 2025, may be eligible for a class action lawsuit. The lawsuit alleges that Petco's business model of selling primarily premium pet food is unsustainable and that the company downplayed the true scope of its issues and the negative impacts of its mitigation strategy. The Gross Law Firm is encouraging shareholders to contact them regarding possible lead plaintiff appointment.

Title: Petco Health and Wellness Company Shareholders May Be Eligible for Class Action Lawsuit

Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) shareholders who purchased shares between January 14, 2021, and June 5, 2025, may be eligible to participate in a class action lawsuit. The lawsuit alleges that Petco's business model, which primarily focuses on selling premium pet food, is unsustainable. Additionally, the company is accused of downplaying the true scope of its issues and the negative impacts of its mitigation strategies.

The lawsuit, filed by Bernstein Liebhard LLP, asserts that Petco made misrepresentations concerning its ability to deliver sustainable, profitable growth. The company's stock price has experienced significant declines, and shareholders have suffered financial losses as a result. The lawsuit seeks to recover damages on behalf of the affected shareholders.

Investors who purchased or acquired Petco securities during the specified period and suffered losses are encouraged to contact the Gross Law Firm to discuss their legal rights and options. The firm is seeking individuals to serve as lead plaintiffs in the class action lawsuit. If you wish to serve as lead plaintiff, you must file papers by August 29, 2025. Bernstein Liebhard LLP, the law firm representing the shareholders, has recovered over $3.5 billion for its clients since 1993.

This class action lawsuit is ongoing, and shareholders have the option to remain an absent class member if they choose not to take any action. Representation is on a contingency fee basis, meaning shareholders do not pay any fees or expenses.

References:
1. [1] https://www.globenewswire.com/news-release/2025/08/18/3134976/0/en/SHAREHOLDER-ALERT-Bernstein-Liebhard-LLP-Announces-A-Securities-Fraud-Class-Action-Lawsuit-Has-Been-Filed-Against-Petco-Health-and-Wellness-Company-Inc-NASDAQ-WOOF.html