Weight Watchers Hit With Investor Suit Over Slimming Stock

Law360, New York (March 27, 2014, 2:39 PM EDT) -- Weight Watchers International Inc. and hedge fund Artal Group S.A. were hit with a proposed class action in New York federal court last week accusing high-ranking executives of carrying out a flawed share buyback program to line their own pockets at the expense of investors. 

Vlad Kalika accuses Weight Watchers and Artal, which purchased a controlling interest in the global weight management services company in 1999, of taking on $1.5 billion in debt in order to artificially inflate the company's share prices in 2012, just before...
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Case Information

Case Title

IN RE WEIGHT WATCHERS INTERNATIONAL, INC. SECURITIES LITIGATION


Case Number

1:14-cv-01997

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Lewis A. Kaplan

Date Filed

March 21, 2014

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