#United States #New York #Levi & Korsinsky #Petco #Woof

Petco Health and Wellness Company Class Action Alert

On August 5, 2025, Levi & Korsinsky, LLP, a law firm renowned for its work in securities litigation, announced a class action lawsuit against Petco Health and Wellness Company, Inc. (NASDAQ: WOOF). This legal development is significant for investors in the company, particularly those who may have suffered financial losses during the specified timeframe. The lawsuit seeks to recover losses on behalf of investors adversely impacted by alleged securities fraud that occurred between January 14, 2021, and June 5, 2025.

Understanding the Class Action

The class action aims to hold Petco accountable for potential misrepresentations and false statements regarding its financial health and business operations during a critical market period. The firm claims that Petco's success during the pandemic was overstated and that their primary business model, which focused on premium pet food, was not sustainable. These factors are crucial for investors who are evaluating their positions and potential recourse regarding their investments.

Key Allegations Against Petco

The complaint highlights several important allegations:

• - Unsustainable Pandemic Growth: The firm suggests that the growth experienced by Petco during the pandemic was not sustainable over the long term.
• - Overstated Product Strategy: It alleges that the company's claims about its differentiated product strategy were exaggerated and did not reflect the true scope of their business challenges.
• - Failure to Disclose Risks: Defendants are accused of downplaying the seriousness of operational issues, which exacerbated their long-term growth projections.
• - False Statements: Overall, it is claimed that Petco made materially false and misleading statements about their ability to deliver consistent growth.

These allegations raise concerns among investors, and it is critical for anyone who held shares during this period to understand the implications.

Timeline for Investors

Investors have until August 29, 2025, to act if they wish to have their voices heard in court as potential lead plaintiffs. Though participating as a lead plaintiff may not be necessary for recovery, registering is essential for those wishing to contribute to the case. Detailed information regarding the lawsuit and how to participate can be found through Levi & Korsinsky's official channels.

No Costs Involved

Potential class members should note that participating in the lawsuit poses no out-of-pocket costs; if successful, compensation could be awarded without requiring initial fees. This approach allows aggrieved shareholders to seek recourse without undue financial burden, making it easier for them to navigate this challenging situation.

Levi & Korsinsky's Track Record

Levi & Korsinsky has established itself as a formidable player in the realm of securities litigation over its 20 years in operation, successfully obtaining hundreds of millions of dollars for injured investors. The firm’s professionals, comprised of over 70 dedicated individuals, have extensive experience dealing with complex securities issues, reflected in their ranking as one of the top securities litigation firms in the U.S.

Contact and Further Information

For Petco investors looking for more information or to discuss their eligibility, they can contact:

• - Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500

For investors concerned about their stakes in Petco, exploring legal options through this class action could be a pivotal step in addressing potential losses incurred during the turbulent period the company has faced.

In summary, Petco investors should be attentive to the upcoming class action lawsuit led by Levi & Korsinsky, considering their rights and the potential for recovery in light of the claims being made. It’s a crucial moment for those who have been affected by the company's alleged mismanagement and misleading statements, ensuring that the voices of investors are heard as this legal matter unfolds.