CHICAGO -- Troubled Internet grocer Peapod misled investors and artificially inflated its share price, lawyers for its shareholders alleged in a class-action complaint filed in U.S. District Court here last week. Three New York law firms specializing in class-action securities fraud said Peapod in November knowingly misstated its funding needs, leading to higher share prices and favorable recommendations by securities analysts. As a result, investors were blindsided by Peapod's announcement ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.