Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Southern District of New York on behalf of shareholders who purchased Flowers Foods, Inc. (NYSE: FLO) shares between February 7, 2013 and August 10, 2016.
The complaint alleges that, 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 Flowers 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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