SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Petco Health and Wellness Company, Inc.

NEW YORK, 24 June 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Petco Health and Wellness Company, Inc. (“Petco” or the “Company”) (NASDAQ: WOOF). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Petco and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At May 28, 2024Petco issued a press release announcing significant changes to its management team, citing “the company’s ongoing efforts to simplify decision-making, focus on fewer and clearer priorities and enable the organization to move with greater speed and agility.” Among other changes, Petco announced the resignation of its Chief Operating Officer (“COO”). Justin Tichy and the abolition of the COO role and the appointment of a James Roth as Chief Stores Officer and the appointment of Shari White as Interim Chief Merchant, both reporting directly to the Chief Executive Officer Michael Mohan.

Following this news, Petco’s share price fell $0.29 per share or 8.48% and closed at 3,13 € per share on May 29, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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