Petco Shares Plummet Amid Escalating Class Action Pressure

Pet Acquisition LLC’s stock continues to face intense selling pressure as a cascade of class action lawsuits creates significant uncertainty for investors. The share price experienced another sharp decline following renewed alerts from prominent law firms regarding fast-approaching deadlines for lead plaintiff appointments in litigation against the pet supplies retailer.

Leading legal practices including Rosen Law Firm and Levi & Korsinsky have intensified their outreach campaigns, urging investors to register as primary plaintiffs before the August 29 deadline. The litigation centers on allegations that Petco made deliberately misleading statements between January 2021 and June 2025 concerning the sustainability of its pandemic-era growth trajectory.

Plaintiffs assert the company overstated performance metrics related to premium pet nutrition sales while simultaneously minimizing operational challenges. Read more...