NEW YORK, June 13, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Annie's, Inc. ("Annie's" or the "Company") (NYSE:BNNY) common stock between August 8, 2013 and June 3, 2014.
For more information, click here: http://zlk.9nl.com/annies-bnny.
The complaint alleges that the Company misrepresented and/or failed to disclose material adverse facts about the Company's operations and financial performance, including that: (a) the Company's historical methodology for estimating certain trade allowances did not include all related trade promotion costs; (b) the Company's controls over accounting for contract manufacturing did not sufficiently evaluate the valuation and accuracy of all contract manufacturing receivables and payables; (c) the Company had insufficient internal controls that resulted in a material weakness in its ability to detect misstatements; and (d) as a result of said inadequate controls, the Company's financial statements were materially false and misleading.
If you suffered a loss in Annie's you have until August 11, 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 firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/annies-bnny.
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: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP