Investors Say Fairway Group Misstated Finances Amid IPO

Law360, New York (March 19, 2014, 6:06 PM EDT) -- Investors in private equity-backed Fairway Group Holdings Corp. on Friday launched a shareholder class action against the grocery chain in New York federal court, saying the company made false statements about its financial condition before and after its $159 million initial public offering.

In its registration statement issued in connection with its April IPO, Fairway projected “solidly positive same-store growth" and 25 percent growth over all for the third quarter of 2014, but at the time, the company was experiencing decreased same-store sales, increased direct store...
To view the full article, register now.




Case Information

Case Title

Dweck et al v. Fairway Group Holdings Corp. et al

Case Number



New York Southern

Nature of Suit



Lewis A. Kaplan

Date Filed

March 14, 2014

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.