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Johnson Fistel Begins Investigation on Behalf of Petco Health and Wellness Company, Inc. Long-Term Shareholders

1. Johnson Fistel is investigating Petco's board for potential fiduciary breaches. 2. A securities fraud complaint alleges false statements by Petco's executives. 3. The complaint states Petco's pandemic benefits were overstated. 4. Misleading statements included claims of sustainable growth and robust sales. 5. Current stockholders are encouraged to join the investigation for potential recovery.

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FAQ

Why Very Bearish?

The investigation suggests serious governance issues, likely impacting investor confidence. Historical cases show similar investigations often lead to stock price declines.

How important is it?

The gravity of legal issues and potential financial liability makes this highly significant for WOOF investors.

Why Short Term?

Immediate legal concerns may lead to quick market reactions, affecting stock price shortly. For instance, past investigations have often led to quick sell-offs in related stocks.

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SAN DIEGO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into certain board members and executive officers of Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) for potential breaches of fiduciary duties and violations of the federal securities laws. What is Johnson Fistel Investigating?A recently filed securities fraud class action complaint alleges that Petco, via six of its officers, made materially false and misleading statements regarding Petco’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Petco’s pandemic-related tailwinds were unsustainable, as was its business model of selling primarily premium and/or high-grade pet food; (ii) accordingly, the strength of Petco’s differentiated product strategy was overstated; (iii) Defendants downplayed the true scope and severity of the foregoing issues, the magnitude of changes needed to rectify those issues, and the likely negative impacts of their mitigation strategy on Petco’s comparable sales metric; (iv) accordingly, Defendants overstated Petco’s ability to deliver sustainable, profitable growth; and (v) as a result, Defendants’ public statements were materially false and misleading at all relevant times. Current stockholders who held their Petco stock before January 14, 2021, are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. In certain cases, you may be able to pursue changes to the company’s corporate governance practices, seek the recovery of funds for the company, and request a court-approved incentive award — all at no cost to you. You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/PetcoHealthAndWellnessCompanyInc About Johnson Fistel, PLLP:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. 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.johnsonfistel.com. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact:Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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