Harwood Feffer LLP Announces Investigation of Boulder Brands, Inc.

Apr 2, 2015

NEW YORK, April 2, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Boulder Brands, Inc. ("Boulder Brands" or the "Company") (NASDAQ: BDBD), concerning whether the board has breached its fiduciary duties to shareholders.

Harwood Feffer LLP

On October 22, 2014, Boulder Brands provided an update on anticipated third quarter 2014 financial results and guidance for the fourth quarter of 2014.  In sharp contrast to the Company's previous public statements, Boulder Brands disclosed that during the third quarter, it "faced a number of headwinds that impacted [its] financial results."  The Company also stated "the mix shift of our fast-growing, lower margin Natural segment is significantly outpacing our higher margin Balance segment and is therefore putting increased pressure on our gross margins" and the Company was "expecting lower shipments due to a normalizing of certain inventories at our largest customer."  On this news, the price of Boulder Brands stock fell 23%

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Boulder Brands shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP