NEW YORK, Feb. 12, 2014 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Fairway Group Holding Corp. ("Fairway" or the "Company") (NasdaqGM -FWM). Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.
The investigation concerns whether Fairway and certain of its officers and/or directors have violated federal securities laws. On February 6, 2014, shares of Fairway fell 29% to close at $8.12 after the Company announced its results for the fourth quarter of 2014. The Company disclosed that it had a net loss of 74 cents per share, a bigger loss than the 70-cent per share loss analysts expected. Revenue increased to $205.7 million, which was $2 million shy than what analysts expected. Additionally, Fairway's same-store sales declined by 1.7% due, in part, to a compressed holiday shopping period and the beneficial impact of Sandy in the year earlier due to a pre- and post-storm stock-up. Fairway also announced that its Chief Executive Officer Herbert Ruetsch would retire after 15 years. William Sanford, President of Fairway, will assume the role of Interim-CEO.
If you are aware of any facts relating to this investigation, or purchased shares of Fairway, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC
