Company: TreeHouse Foods, Inc.
Kaskela Law LLC is investigating TreeHouse Foods, Inc. (“TreeHouse” or the “Company”) (NYSE: THS) on behalf of the Company’s stockholders.
In 2017, a consolidated shareholder class action complaint was filed against the Company in federal court on behalf of certain purchasers of TreeHouse’s common stock. Among other things, the shareholder complaint alleged that TreeHouse and certain of the Company’s senior executive officers violated the federal securities laws by making a series of materially false and misleading statements to investors concerning the Company’s integration of acquired businesses. Recently the federal court presiding over the litigation denied defendants’ motion to dismiss the class action complaint, paving the way for litigation to proceed against TreeHouse and certain executive officer defendants.
The investigation seeks to determine whether members of TreeHouse’s Board of Directors failed to properly fulfill their fiduciary duties to the Company and its stockholders in connection with the above.
TreeHouse stockholders who purchased shares of the Company’s stock prior to January 1, 2018 are encouraged to contact the firm to discuss their legal rights and potential recovery options.