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Investor Class Action Filed Against Blue Apron Holdings, Inc. for Securities Fraud Violations
Company Name: Blue Apron Holdings, Inc.
Court: United States District Court for the Eastern District of New York
Case Number: 17-cv-04846
Judge: The Hon. William Francis Kuntz II
Class period: Pursuant and/or traceable to the Company's IPO on or about June 29, 2017
Security Type:

Case Background:

On August 17, 2017, the initial complaint in this securities class action was filed against Blue Apron Holdings (“Blue Apron” or the “Company”), and certain of Blue Apron’s directors, officers and underwriters, asserting violations of sections 11 and 15 of the Securities Act. The Complaint alleges that Blue Apron’s Registration Statement failed to disclose that: rather than continue to significantly increase spending on advertising, Blue Apron had already decided to significantly reduce spending on advertising in Q2 2017, which would hurt sales and profit margins in future quarters; that Blue Apron was already experiencing adverse on-time in-full rates, meaning orders were not arriving on time or with all the ingredients needed, which was hurting customer retention; and that the Company had run into delays in Q2 2017 with its new factory in Linden, New Jersey. Subsequent to its Initial Public Offering (“IPO”) on June 29, 2017, Blue Apron’s stock declined immediately, declining below $5 per share less than two months after the IPO -- a decline of 50% from the $10 per share IPO price.

Current Status of Case:

Defendants filed a Motion to Dismiss the Complaint on May 21, 2018. On April 22, 2020, the Court issued an Order denying defendants' Motion to Dismiss. Document discovery is scheduled to be completed by July 12, 2021.  This action is still ongoing.

If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for Blue Apron Holdings, Inc. (NYSE: APRN) publicly traded securities pursuant and/or traceable to the company’s initial public offering on or about June 29, 2017 (the "IPO”), (the “Class Period”):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Blue Apron Holdings, Inc. (2017) prior to the Class Period?
Are you a current or former employee of Blue Apron Holdings, Inc. (2017)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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