Zamansky LLC Investigates Papa Murphy’s Holdings Inc. (FRSH) Over Its Disclosures to Investors
PUBLISHED BY: Jacob Zamansky
New York, NY (Law Firm Newswire) June 19, 2014 – Zamansky LLC announces that it is investigating Papa Murphy’s Holdings Inc. (NasdaqGS: FRSH) (“Papa Murphy’s) over its disclosures to investors. Papa Murphy’s which is based in Vancouver, Washington owns, operates, and franchises Take ‘N’ Bake pizza stores. These are stores where customers purchase assembled pizzas to bake and serve at home.
On June 9, 2014 Seeking Alpha published an article forecasting imminent declines in Papa Murphy’s EBITDA and a possible 80% decline in stock price, due to a request by franchisees for a moratorium on fees. The article reports that 31% of Papa Murphy’s franchisees are losing money and sought a six-month moratorium on fees.
On May 2, 2014, Papa Murphy’s went public at $12.00 per share, and it has since fallen below $9 per share. The investigation concerns whether Papa Murphy’s made sufficient and proper disclosures to investors about the financial health of its franchisees and the Company’s growth before or in connection with the public stock offering.
What Investors Can Do
If you are an investor in Papa Murphy’s who purchased the stock in the initial public offering, or who wishes to discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities and shareholder fraud and class actions. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.