NEW YORK, April 28, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Weight Watchers International, Inc. ("Weight Watchers" or the "Company") (NYSE:WTW) common stock between February 14, 2012 and October 30, 2013.
For more information, click here: http://zlk.9nl.com/weight-watchers-wtw.
The complaint alleges that Weight Watchers misrepresented material facts and/or failed to disclose adverse facts, including that: (a) the Company was experiencing execution issues which were causing it to miss its internally-forecasted financial plan; (b) the Company was experiencing a significant drop in its meeting attendance figures in North America and the United Kingdom; and (c) enrollment was being negatively impacted by increased competition from free weight-loss apps.
If you suffered a loss in Weight Watchers you have until May 20, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/weight-watchers-wtw.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP