Johnson & Weaver Appointed Lead Counsel in Flowers Foods Securities Litigation

Johnson & Weaver Appointed Lead Counsel in Hendley v. Flowers Foods, Inc., et al., Master File No. 7:16-cv-00222-WLS (M.D. Ga.):  In a case alleging violations of the Securities Exchange Act of 1934 for the issuance of false and misleading statements, Johnson & Weaver’s client was appointed lead plaintiff and the firm was appointed co-lead counsel under the Private Securities Litigation Reform Act of 1995. Specifically, defendants are charged with making false and/or misleading statements and/or failing to disclose that the Company was improperly classifying employees as independent contractors, that the misclassification exposed the Company to legal liability and/or negative regulatory action, that proper classification would have a negative impact on the Company’s operations, and that as a result, defendants’ statements about Flowers Foods’ business, operations, and prospects were false, misleading and/or lacked a reasonable basis when made.