IRVINE, CA / ACCESSWIRE / September 19, 2016 / Khang & Khang LLP (the "Firm") announces that a class action lawsuit was filed against Flowers Foods, Inc. ("Flowers Foods" or the "Company") (NYSE: FLO). Investors, who purchased or otherwise acquired shares between February 7, 2013 and August 10, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm prior to the October 11, 2016 lead plaintiff motion deadline.
If you purchased shares of Flowers Foods during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, the Company issued false and misleading statements and/or failed to disclose that: Flowers Foods improperly classified 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 disclosed, the stock price of Flowers Foods fell, which caused investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 445582
