Green Mountain Coffee Faces Investor Action Over Losses

Law360, New York (December 1, 2011, 2:12 PM EST) -- A shareholder hit Green Mountain Coffee Roasters Inc. with a putative securities class action Wednesday in Vermont alleging shareholders lost billions of dollars when it came to light that the company had misstated millions in revenue.

The Louisiana Municipal Police Employees' Retirement System seeks damages for the significant losses it claims Green Mountain's restatements and the consequent loss in stock value caused to investors who bought shares of the company between Feb. 2 and Nov. 9.

The plaintiff says Green Mountain violated Sections 10(b) and 20(a)...
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