| Company: | The Great Atlantic & Pacific Tea Company |
| Ticker Symbol: | GAPTQ |
| Class Period: | Jul-23-09 to Dec-10-10 |
| Date Filed: | Sep-20-11 |
| Lead Plaintiff Deadline: | Nov-19-11 |
| Court: | District of New Jersey |
| Allegations: | |
The lawsuit alleges that A&P knew but failed to disclose: (i) that A&P was facing increased low-cost competition from retailers such as Wal-Mart and Target Corp., which was negatively impacting the Company's business and financial condition; (ii) that the Pathmark acquisition was harmful to the Company because Pathmark's operations were in far worse condition than had been represented to investors; (iii) that A&P was not operating according to internal expectations and could not achieve the guidance sponsored and/or endorsed by defendants; and (iv) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and prospects.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
