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Faruqi & Faruqi, LLP Announces Investigation of Green Mountain Coffee Roasters, Inc.

November 30, 2011

Faruqi & Faruqi, LLP is investigating Green Mountain Coffee Roasters and is seeking to determine if the company and its executives violated federal securities laws.




FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 30, 2011 -- Faruqi & Faruqi, LLP, a leading national securities firm, is investigating potential securities fraud at Green Mountain Coffee Roasters, Inc. (“Green Mountain” or the “Company”) (Nasdaq: GMCR).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Green Mountain was using key fulfillment vendor M. Block & Sons (“MBlock”) as a covert warehouse to harbor over-manufactured, expired, or otherwise unsold product; (2) Green Mountain overstated Company revenues based on falsified sales orders (via sham inventory shipments with MBlock); and (3) Green Mountain booked false orders as legitimate “revenues.”

On October 17, 2011, prominent investor David Einhorn issued a comprehensive report disclosing GMCR’s misconduct and questionable relationship with MBlock. As details from Einhorn’s presentation reached the market, Green Mountain’s share price fell approximately 10%. On October 19, 2011, as Einhorn’s presentation gained circulation, the price of Green Mountain’s common stock declined another 15%. Then, on November 9, 2011, Green Mountain shocked investors when it announced disappointing earnings results and skyrocketing inventory. On this news, GMCR’s shares plummeted 40%, from a close of $67.02 on November 9 to a close of $40.89 on November 10.

Request more information now by clicking here: www.faruqilaw.com/GMCR

Take Action

If you purchased Green Mountain securities between February 2, 2011, and November 9, 2011, and would like to discuss your legal rights, visit www.faruqilaw.com/GMCR. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Green Mountain conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.


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Contact Information

  • Name: juan monteverde

    Email: ***@faruqilaw.com



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