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Business Wire  07/15/2014 11:52 AM ET
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against Potbelly Corp. - PBPB

NEW YORK--(BUSINESS WIRE)--Jul. 15, 2014-- The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Potbelly Corp. (NASDAQ: PBPB) resulting from allegations that the Company may have made false and misleading disclosures concerning its business and financial condition.

On October 4, 2013 Potbelly Stock opened for trading at $28.66. The Company sold 7.5 million shares of stock in its initial public offering, raising $105 million in new capital. However, since the IPO the Company lowered its second quarter guidance and its stock has imploded, falling from its high of $33.90 on October 8, 2013 to close at $10.97 on July 10, 2014. This followed a series of negative announcements regarding the Company's performance, business prospects and operations.

The Rosen Law Firm is preparing a class action lawsuit on behalf of Potbelly investors. If you purchased Potbelly securities you may visit the website at  http://rosenlegal.com  to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at  pkim@rosenlegal.com  or  kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Source: The Rosen Law Firm

The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th  Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

 

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