NEW YORK, Dec. 27, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of HelloFresh SE (“HelloFresh” or the “Company”) (OTCMKTS: HLFFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether HelloFresh and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On December 6, 2024, ABC News published a report entitled “Labor Department investigating migrant child labor claims at HelloFresh.”
According to the report, “[t]he U.S. Department of Labor is investigating HelloFresh, the popular meal kit service company, over allegations that migrant children were working at its cooking and packaging facility in Illinois as recently as this summer[.]” The report quoted the executive director of an immigrant rights advocacy group as stating that “[a]t least six teenagers, at least some of whom migrated from Guatemala, were found working night shifts at the facility[.]”
On this news, HelloFresh’s stock price fell $1.83 per share, or 13.27%, over the following two trading sessions, to close at $11.96 per share on December 9, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
