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Blue Apron Holdings, Inc. (APRN)

NYSE:APRN

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Blue Apron Holdings, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Blue Apron Holdings, Inc. (“Blue Apron” or the “Company”) (NYSE:APRN) of the October 16, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Blue Apron stock or options pursuant and/or traceable to the Company’s initial public offering (the “IPO”) and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  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. 

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Blue Apron securities pursuant and/or traceable to the Company’s IPO.  The case, Nurlybayev v. Blue Apron Holdings, Inc. et al, No. 1:17-cv-04846 was filed on August 17, 2017, and has been assigned to Judge William Francis Kuntz II.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and/or misleading statements and/or omitting material facts relating to its Registration Statement filed with the Securities and Exchange Commission in connection with its IPO.  Specifically the Complaint alleges that the Registration Statement failed to disclose that: (1) rather than continue to significantly increase spending on advertising, the Company had decided to significantly reduce spending on advertising in Q2 2017; (2) the Company was  already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention; (3) the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey; (4) existing and already-materialized delays at the aforementioned factory was resulting in additional delays in new product rollouts; (5) the delays being experienced by the Company would hurt the Company’s bottom line in the near-term; (6) the Company was not able to fully execute its new product initiatives; and (7) Blue Apron had already decided it would be forced to change its strategic approach in managing its business for the remainder of 2017.

Since the Company’s IPO, Blue Apron’s share price has fallen from its IPO price of $10.00 to a closing price of $5.39 on August 17, 2017 – a $4.61 or a 46.1% drop.

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:
    Blue Apron Holdings, Inc. (APRN)
  •    

* 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:

  • 08/18/2017

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