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Faruqi & Faruqi, LLP is Investigating Green Mountain Coffee Roasters, Inc. on Behalf of Its Shareholders - GMCR

  //house-home.news-articles.net/content/2010/11/0 .. ters-inc-on-behalf-of-its-shareholders-gmcr.html
  Published in House and Home on Thursday, November 4th 2010 at 7:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--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. (aGreen Mountaina or the aCompanya) (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 Companya™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 Commissiona™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 Companya™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 firma™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.

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