Blue Apron’s post-IPO woes continue. The meal-kit delivery company has been hit with multiple shareholder lawsuits this month, all alleging it made misleading statements in its IPO prospectus.
The various complaints echo each other in their allegations against Blue Apron, its CEO, CFO, and directors, as well as underwriters of the IPO. Namely, the suits allege that the prospectus Blue Apron filed ahead of its IPO contained false statements, while omitting material facts.
In particular, the complaints revolve around allegations that Blue Apron did not disclose delays at a new fulfillment center in New Jersey, which the company disclosed when it reported earnings earlier this month. The complaint also alleges ...
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