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 Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at firstname.lastname@example.org, or you may click here to print a PDF of this form.
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 Plaintiff’s Amended Complaint on May 21, 2018. On April 22, 2020, the Court issued an Order denying Defendant’s Motion to Dismiss. On February 1, 2021, the Court granted Plaintiff’s Motion for Preliminary Approval of Settlement and Final Judgment was entered on May 10, 2021. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at email@example.com. 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.