Weight Watchers

A federal court in New York dismissed a securities class action against Weight Watchers. Stockholders claim the company misled them by failing to disclose that its new business model relied upon the recruitment of lapsed members and that it had “abandoned its practice” of releasing program innovations at the end of each year.

MANHATTAN — A federal court in New York dismissed a securities class action against Weight Watchers. Stockholders claim the company misled them by failing to disclose that its new business model relied upon the recruitment of lapsed members and that it had “abandoned its practice” of releasing program innovations at the end of each year.

Categories / Business, Financial, Securities

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