#USA #New York #Pomerantz LLP #Petco #Woof

Pomerantz Law Firm Files Class Action Against Petco

Pomerantz LLP, a prominent law firm based in New York, has officially initiated a class action lawsuit against Petco Health and Wellness Company, Inc. This legal action was taken due to allegations of violations of federal securities laws by Petco and several of its key officers during the defined class period, which spans from January 14, 2021, to June 5, 2025.

The suit was filed in the United States District Court for the Southern District of California under the docket number 25-cv-01667. The complaint seeks to represent all individuals and entities, except for the defendants, who purchased or acquired Petco's securities during the aforementioned period. The primary aim of the lawsuit is to recover damages that resulted from alleged deceptive practices and misleading statements made by Petco's leadership.

Investors involved in the class action have until August 29, 2025, to submit a request to the court to be appointed as Lead Plaintiff. Further information and details regarding the complaint can also be accessed through Pomerantz’s official website.

Background of Petco

Petco is recognized as a leading specialty retailer in the pet industry. It offers an array of products and services for pets, which include both consumable items and non-consumables. Available through their physical and online stores, Petco also provides in-store veterinary and grooming services. Among its key performance indicators, Petco tracks comparable sales, which measure net sales across stores that have been operational for the specified period.

Following the COVID-19 pandemic, Petco celebrated an uptick in business attributed to increased rates of pet adoption. The company asserted that the positive impact of this trend would continue well beyond the pandemic. Moreover, Petco positioned itself as a health-oriented pet retailer, capitalizing on market trends focused on