Hynes Keller & Hernandez, LLC, a national law firm dedicated to providing exceptional legal services in shareholder litigation is investigating potential claims against the Board of Directors of Weight Watchers International, Inc. (“Weight Watchers” or the “Company”) (NYSE: WTW) concerning possible breaches of fiduciary duty and other violations of law.
The directors and officers of Weight Watchers caused the Company to issue materially false and misleading statements regarding the Company’s financial performance and future prospects and failed to disclose adverse facts, including that: (a) Weight Watchers was experiencing execution issues which were causing it to miss its internally forecasted financial plan; (b) Weight Watchers was experiencing a significant drop in its North America and United Kingdom meeting attendance figures; and (c) Weight Watchers was facing increased competition from free weight-loss apps and its enrollment was being negatively impacted. As a result of the foregoing, defendants lacked a reasonable basis for their positive statements about Weight Watchers, its revenues, earnings, prospects and business.
If you hold WTW shares and you would like to discuss your legal rights, please contact Michael J. Hynes at (610) 994-0292 or send an e-mail to info@hkh-lawfirm.com.