The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Flowers Foods, Inc. (NYSE: FLO) securities between February 7, 2013 and August 10, 2016.
According to the complaint, throughout the Class Period, defendants issued false and misleading statements and/or failed to disclose that: (a) Flowers Foods improperly classified employees as independent contractors; (b) the misclassification exposed Flowers Foods to legal liability and/or negative regulatory action; and (c) proper classification would have a negative impact on Flowers Foods’ operations.
If you suffered a loss in Flower Foods you have until October 11, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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