Green Mountain Coffee Roasters, Inc GMCR Securities Stock Fraud

Company:	Green Mountain Coffee Roasters, Inc
Ticker Symbol:	GMCR
Class Period:	Feb-2-12 to May-2-12
Date Filed:	May-7-12
Lead Plaintiff Deadline:	Jul-6-12
Court:	District of Vermont
Allegations:

New York, NY: A securities class action has been commenced in the United States District Court for the District of Vermont on behalf of purchasers of Green Mountain Coffee Roasters, Inc. ("GMCR" or the "Company") common stock during the period between February 2, 2012 and May 2, 2012 (the "Class Period").

The complaint charges GMCR and certain of its officers and directors with violations of the Securities Exchange Act of 1934. GMCR describes itself as a leader in the specialty coffee and coffee maker businesses.

The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company's growth and demand for its products. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that demand for the Company's brewers and portion packs had slowed; (ii) that the Company's models for predicting consumer demand were flawed and ineffective; and (iii) as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

On May 2, 2012, after the close of regular market trading, GMCR issued a press release announcing its financial performance for the second quarter of fiscal 2012, which fell short of its prior guidance and also revised downward the Company's guidance for the full fiscal year 2012. Following this announcement, on the next day of trading, May 3, 2012, shares of GMCR stock basically halved themselves -- tumbling $23.65 per share, or 48%, to close at $25.87 per share from the prior day's close of $49.52 per share.

Plaintiff seeks to recover damages on behalf of all purchasers of GMCR common stock during the Class Period (the "Class"). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Green Mountain Coffee Roasters, Inc GMCR Securities Fraud Legal Help

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Published on May-8-12