HENDERSONVILLE, TN / ACCESSWIRE / October 14, 2019/ The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, announces that Treehouse Foods, Inc. (THS) may face damages caused by a pending securities lawsuit action lawsuit. TreeHouse operates as a food and beverage manufacturer in the United States, Canada, and Italy.
Treehouse Foods, Inc. (THS) Securities Class Action Survives Motion to Dismiss
The complaint alleges that between January 20, 2016 and November 2, 2016, Treehouse deceitfully cultivated a reputation that the company could smoothly integrate its acquired companies into the broader organization without significant problems. Despite Treehouse's repeated assurances that it was taking great steps toward synergizing its various acquisitions, Treehouse was unable to successfully integrate its acquired companies, which suffered from serious growth and profitability problems. Treehouse finally disclosed on November 3, 2016 that its operating results would be substantially below analysts' expectations and lowered its earnings per share forecast due to the underperformance of one of its acquisitions. After revealing the bad news, the company's shares fell nearly 20% to close at $69.72 per share on November 3, 2016 and currently trades at $53.36. On February 12, 2018, the Honorable Samuel Der-Yeghiayan of the U.S. District Court for the Northern District of Illinois, Eastern Division denied Treehouse's motion to dismiss, paving the way for litigation to proceed.
Treehouse Shareghoders Urged to Contact the Firm
If you purchased Treehouse securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-738, Toll-Free at 855-846-6529, or by email to [email protected]. If you inquire by email please include your mailing address, telephone number, and the number shares owned.
About Timothy L. Miles
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentley selected as a 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM and maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Awards: 2019 Elite Lawyer of The South by Martindale-Hubbell® and ALM (2019); Member of the Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association (2017-2019); AV® Preeminent™ Rating by Martindale-Hubble® (2014-2019); PRR AV Preeminent Rating on Lawyers.com (2017 & 2019); The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability (Martindale-Hubble® 2015); Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019); Superb Rated Attorney (Avvo); Avvo Top Rated Lawyer for 2017 & 2018 (Avvo).
Contact:
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
124 Shiloh Ridge
Hendersonville, TN 37075
Telephone: (855-846-6529)
Email: [email protected] Website: www.timmileslaw.com
SOURCE: The Law Offices of Timothy L. Miles