Green Mountain Lied About Keurig Coffee Sales, Investors Say

Law360, New York (October 31, 2012, 5:26 PM EDT) -- Green Mountain Coffee Roasters Inc. lied about demand for its Keurig coffee brewers and misled auditors and investors about a large unsold backlog by trucking products between warehouses just before inspections, according to a consolidated securities class action filed Tuesday.

The lead plaintiffs in the class action — pension funds that had invested in Green Mountain stock at allegedly inflated prices — say that between Feb. 2, 2011, through Nov. 9, 2011, Green Mountain told investors that it was straining to meet skyrocketing demand for its...
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