Green Mountain Coffee Underwriters Roasted In New Lawsuit
By Gary Weiss: A new front has opened in the ongoing war between outraged investors and Green Mountain Coffee Roasters (GMCR), whose alleged accounting shenanigans have cast a huge pall over this $3 billion-market-cap company.In the latest salvo of accusations against the company, the Louisiana Police Employees Retirement System has filed a class action suit against the underwriters of Green Mountain's May 2011 secondary stock offering. They've also sued management and the board of directors, as is customary in such situations.So it seems that GMCR remains one of those "job creators" the Republican GOP candidates keep talking about. It is definitely creating jobs for lawyers.The suit, which I've uploaded here and was filed late last month, significantly updates the recitation of events described in another class action suit which I described in an earlier post. It includes fresh allegations against the underwriters of the secondary offering, which are a lustrousComplete Story »
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