Archived Investigations

Dutch Bros Inc. (NYSE: BROS)

Company Name:Dutch Bros Inc.

Stock Symbol:NYSE: BROS

Court:Southern District of New York

Class Period Start:03/01/2022

Class Period End (inclusive):05/11/2022

Filing Deadline:The deadline has passed.

March 3, 2023

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 1, 2023 to file lead plaintiff applications in a securities class action lawsuit against Dutch Bros Inc. (“Dutch” or the “Company”) (NYSE: BROS).

Dutch Bros and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On May 11, 2022, the Company disclosed dismal 1Q2022 financial results including a net loss of $16.3 million, compared to a net loss of $4.8 million for the first quarter of 2021 and an adjusted net loss of $2.5 million (a loss of $0.02 per share), which fell below analysts’ expectations, due to its failure to “perceive the speed and magnitude of cost escalation within the quarter,” among other things.

On this news, shares of Dutch fell $9.26, or 26.9%, to close at $25.11 per share on May 12, 2022.

The case is Peacock v. Dutch Bros Inc., et al., No. 23-cv-01797.

Click here to read the first filed complaint.

Recent Victories

Court Grants Preliminary Approval of Settlement in Velodyne Securities Litigation

April 23, 2024

The Hon. Susan Illston entered an Order preliminarily approving a $27,500,000 class action settlement in Moradpour v. Velodyne Lidar.

Final Approval of $5.65 Million Settlement Granted in Pareteum Corporation Securities Litigation

October 2, 2023

The Hon. Alvin K. Hellerstein entered a Final Judgment approving a $5.65 million settlement for the Class.

Final Approval of $35 Million Settlement Granted in Workhorse Securities Litigation

October 2, 2023

The Hon. Cormac J. Carney entered a Final Judgment approving a settlement valued at $35 million in cash and stock for the Class.

KSF Wins Class Certification in Velodyne Securities Litigation

July 17, 2023

On July 14, 2023, the court certified a class of shareholders in Moradpour v. Velodyne Lidar, Inc., et al., No. 3:21-cv-01486, a securities fraud class action pending in the United States District Court for the Northern District of California.

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Your California Privacy Rights

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Changes to Our Privacy Policy

Kahn Swick & Foti reserves the right to change this policy at any time by posting a new privacy policy at this location.

How to Contact Us

If you have questions concerning this Privacy Notice, wish to obtain additional information, or exercise specific data subject rights pursuant to European law (including the General Data Protection Regulation, and other country-specific data protection laws that may apply), please contact us.

Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us