INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff
Deadline in the Class Action Lawsuit against Fairway Group Holdings Corp.
BENSALEM, Pa. -- April 8, 2014
Law Offices of Howard G. Smith reminds investors that all purchasers of the
securities of Fairway Group Holdings Corp. (“Fairway” or the “Company”)
(NASDAQ:FWM) between April 16, 2013 and February 6, 2014, inclusive (the
“Class Period”), have until April 15, 2014, to file a motion to be appointed
as lead plaintiff in the shareholder lawsuit.
Fairway, together with its subsidiaries, operates retail food stores in New
York, New Jersey and Connecticut offering fresh produce, natural and organic
products, meat and seafood, bakery products and kosher foods. The Complaint
alleges that during the Class Period the Company and certain of its executive
officers misrepresented or failed to disclose that Fairway’s same store sales
were declining, its direct store expenses were increasing, and the Company's
financial forecasts were unrealistic and not obtainable. On February 6, 2014,
the Company reported earnings for its fiscal 2014 third quarter that were
significantly below management’s prior forecasts, including decreased same
store sales and higher expenses, causing a nearly 30% drop in the price of the
Company’s shares, or $3.31 per share, on February 7, 2014.
If you purchased Fairway securities during the Class Period, you may move the
Court no later than April 22, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class, you need not take any
action at this time; you may retain counsel of your choice or take no action
and remain an absent member of the Class. If you wish to learn more about this
action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
email@example.com, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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