Shareholder Rights Law Firm Johnson & Weaver, LLP announced today that
it is investigating whether certain officers and directors of Fairway
Group Holdings Corp. (NASDAQ:FWM) violated state or federal laws.
On February 6, 2014, Fairway announced its results for the fourth
quarter of 2014 and disclosed that CEO, Herbert Ruetsch, would retire.
In the news release, the Company stated its net loss was more than
analysts expected. Furthermore, Fairway reported negative same-store
sales and total revenue was lower than analysts anticipated.
Fairway's stock price closed at $7.36 on Friday, Fbruary 14, 2014 down
over 35% since this news was announced. The Company's opening IPO price
in April 2013 was $18.00. This investigation seeks to determine whether
shareholders were harmed by misleading public statements concerning
Fairway's financial performance and prospects.
If you are a shareholder of Fairway and would like additional
information concerning your legal rights, please contact lead analyst
Jim Baker (firstname.lastname@example.org)
at (619) 230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholders' rights
law firm. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
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