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Petco Investor Lawsuit Filed for Securities Class Action
ByAinvest
Monday, Aug 18, 2025 8:05 am ET1min read
A shareholder has filed a securities class action lawsuit against Petco Health and Wellness Company, Inc. alleging misrepresentations regarding the company's financial statements between January 14, 2021, and June 5, 2025. Investors who purchased or acquired Petco securities during this period may be eligible to join the lawsuit and potentially recover losses.
A shareholder has filed a securities class action lawsuit against Petco Health and Wellness Company, Inc., alleging misrepresentations regarding the company's financial statements between January 14, 2021, and June 5, 2025. The lawsuit, filed in the United States District Court for the Southern District of California, accuses Petco of making materially false and/or misleading statements about its business, operations, and prospects during the specified period [1].The lawsuit alleges that Petco overstated its ability to deliver sustainable, profitable growth by downplaying the true scope and severity of issues related to its pandemic-related tailwinds and business model of selling primarily premium and/or high-grade pet food [1, 2, 3]. It further claims that Petco's public statements were materially false and misleading, leading to significant declines in the company's stock price [3].
Investors who purchased or acquired Petco securities during the Class Period (January 14, 2021, to June 5, 2025) may be eligible to join the lawsuit and potentially recover losses. The deadline to request appointment as lead plaintiff is August 29, 2025 [1, 2, 3]. If you are a Petco investor and wish to learn more about this action, contact the law firms involved for further information [1, 2, 3].
References:
[1] https://www.globenewswire.com/news-release/2025/08/16/3134548/0/en/PETCO-WOOF-ALERT-Bragar-Eagel-Squire-P-C-Reminds-Investors-that-a-Class-Action-Lawsuit-Has-Been-Filed-Against-Petco-Health-and-Wellness-Company-Inc-and-Encourages-Investors-to-Cont.html
[2] https://www.prnewswire.com/news-releases/contact-levi--korsinsky-by-august-29-2025-deadline-to-join-class-action-against-petco-health-and-wellness-company-incwoof-302530681.html
[3] https://www.globenewswire.com/news-release/2025/08/11/3131183/0/en/INVESTOR-ALERT-Berger-Montague-Advises-Petco-Health-and-Wellness-Company-NASDAQ-WOOF-Investors-to-Inquire-About-a-Securities-Fraud-Class-Action-by-August-29-2025.html
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