[ACCESSWIRE]
LOS ANGELES, CA / ACCESSWIRE / August 29, 2016 / Lundin Law PC (the "Firm") announces a class action lawsuit has been filed against Flowers Foods, Inc. ("Flowers Foods" or the "Company") (NYSE: FLO) concerning possible violations of federal securities laws between February 7, 2013 and August 10, 2016 (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 11, 2016 lead plaintiff
motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The complaint alleges that during the Class Period, the Company issued false and misleading statements and/or failed to disclose that: Flowers Foods was improperly classifying employees as independent contractors; that the misclassification exposed Flowers Foods to legal liability and/or negative regulatory action; that proper classification would have a negative impact on Flowers Foods' operations; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times.
On August 10, 2016, the Company announced that the U.S. Department of Labor scheduled a compliance review of Flowers Foods under the Fair Labor Standards Act. After the market closed that day, the Company issued a press release announcing disappointing Q2 2016 financial results. When this information was released to the public, shares of Flowers Foods decreased in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/
SOURCE: Lundin Law PC
