Faruqi _ Faruqi_ LLP Is Investigating Green Mountain Coffee by liuqingyan


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      Faruqi & Faruqi, LLP Is Investigating Green Mountain Coffee Roasters On Behalf Of Its

       By Faruqi & Faruqi, LLP
       Dated: Nov 03, 2010

       Faruqi & Faruqi, LLP is investigating the board of directors and officers of Green Mountain Coffee
       Roasters, Inc. for possible violations of the federal securities laws and breaches of fiduciary duties.

       Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating
       the Board of Directors and Officers of Green Mountain Coffee Roasters, Inc. (“Green Mountain” or the
       “Company”) (NASDAQ: GMCR). The investigation focuses on possible violations of the federal securities
       laws and breaches of fiduciary duties by Green Mountain and certain of its Officers and Directors.

        On September 28, 2010, Green Mountain announced that during fiscal years and the respective fiscal
       quarters ended 2007, 2008, 2009 and 2010 as of June 26, the Company overstated its pre-tax income by
       $7.6 million cumulatively due to an accounting error that effectively overstated the Company’s
       consolidated inventory and understated its cost of sales. According to the Company, the accounting error
       related to the margin percentage used to eliminate the inter-company markup of its K-Cup inventory
       balance residing at its Keurig business unit. The Company also announced that the staff of the U.S.
       Securities and Exchange Commission’s Division of Enforcement informed the Company on September 20,
       2010, that it was conducting an inquiry and made a request for a voluntary production of documents and
       information related to the Company’s revenue recognition practices and its relationship with one of its
       fulfillment vendors.

        Request more information now by clicking here: www.faruqilaw.com/GMCR

        Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and
       derivative litigation. The firm is focused on providing exemplary legal services in complex litigation in the
       areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm
       has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

        If you own common stock in Green Mountain and wish to obtain additional information, please visit us at
       http://www.faruqilaw.com/GMCR or contact Beth A. Keller, Esq. either via email at
       bkeller@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.


        Faruqi & Faruqi, LLP
        369 Lexington Avenue, 10th Floor
        New York, NY 10017
        Attn: Beth A. Keller, Esq.
        Toll Free: (877) 247-4292
        Phone: (212) 983-9330

       Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is
       Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome
       with respect to any future matter. We are happy to discuss your particular case.

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SOURCE: Faruqi & Faruqi, LLP

Category           Legal
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