NEW YORK, April 14, 2023 /PRNewswire/ — Jakubowitz Law announced that a securities fraud class action lawsuit has commenced on behalf of shareholders of Dutch Bros Inc. (NYSE: BROS).
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The lawsuit seeks to recover losses for shareholders who purchased Dutch Bros between March 1, 2022 and May 11, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until May 1, 2023 to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
According to a filed complaint, Dutch Bros Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing increased costs and expenses, including on dairy; (2) as a result, the Company experienced increased margin pressure and decreased profitability in the first quarter of 2022; and (3) as a result of the foregoing, the defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been victims of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law