Faruqi and Faruqui, LLP Logo
Share this page

Treehouse Foods, Inc.(THS)

NYSE:THS

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Treehouse Foods, Inc. To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Treehouse Foods, Inc. (“Treehouse” or the “Company”) (NYSE:THS) of the January 17, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of all those who purchased Treehouse securities between February 1, 2016, and November 2, 2016 (the “Class Period”).  The case, Tarara v. Treehouse Foods, Inc. et al, No. 1:16-cv-10632 was filed on November 15, 2016, and has been assigned to Judge Samuel Der-Yeghiayan.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Treehouse’s private label business was underperforming; (2) Treehouse’s acquisition strategy was underperforming; (3) the Company overstated its full-year 2016 guidance; and (4) as a result, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

Specifically, on November 3, 2016, the Company lowered its full year adjusted earnings per share forecast due to underperformance of the Private Brands acquisition and over softness in the private label manufacturing business.  In addition, Treehouse announced the closure of a plant and reported job cuts at one of its facilities.  Lastly, Treehouse announced the resignation of its President, Chris Sliva, who had been President for less than six-months, and the appointment of a new Chief Financial Officer.

On this news, Treehouse’s share price fell from $86.59 per share on November 2, 2016 to a closing price of $69.72 on November 3, 2016—a $16.87 or a 19.48% drop.

Take Action

If you invested in Treehouse common stock or options between February 1, 2016, and November 2, 2016 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Treehouse’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Treehouse Foods, Inc.(THS)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 11/17/2016

Class Period:

  • 02/01/2016 - 11/02/2016

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.