CLASS-ACTION SUIT FILED AGAINST PEAPOD

CHICAGO -- Troubled Internet grocer Peapod misled investors and artificially inflated its share price, lawyers for its shareholders alleged in a class-action complaint filed in U.S. District Court here last week.Three New York law firms specializing in class-action securities fraud said Peapod in November knowingly misstated its funding needs, leading to higher share prices and favorable recommendations

CHICAGO -- Troubled Internet grocer Peapod misled investors and artificially inflated its share price, lawyers for its shareholders alleged in a class-action complaint filed in U.S. District Court here last week.

Three New York law firms specializing in class-action securities fraud said Peapod in November knowingly misstated its funding needs, leading to higher share prices and favorable recommendations by securities analysts. As a result, investors were blindsided by Peapod's announ

Register to view the full article

Already a member? .