Overview

A class action lawsuit has been filed against Starbucks Corporation (“Starbucks” or the “Company”) (NASDAQ: SBUX) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Starbucks class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Starbucks securities between November 2, 2023, and April 30, 2024, both dates inclusive (the “Class Period”).  Investors have until October 28, 2024, to seek appointment as lead plaintiff of the Starbucks class action lawsuit.

Starbucks is an American multinational chain of coffeehouses and roastery reserves.  The Company serves a variety of coffees, foods, and teas in-store via in-person customer transactions and its mobile ordering feature.

The Starbucks class action lawsuit alleges that Defendants provided investors with material information concerning Starbucks’ fiscal year revenue for 2023 and expected guidance for the fiscal year 2024.  Defendants’ statements included, among other things, confidence in Starbucks’ Reinvention and diversification of its global portfolio, which relies largely on both Rewards customers and more occasional consumers.  Defendants also provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts related to Starbucks’ Reinvention strategy, comprising: a roadmap and clear plan for success outside of the United States, including opening new stores; positive same-store sales; and strong local innovation in foreign economies.  Such statements absent these material facts caused Plaintiff and other shareholders to purchase Starbucks’ securities at artificially inflated prices.

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If you purchased or otherwise acquired Starbucks securities between November 2, 2023, and April 30, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Starbucks class action lawsuit is October 28, 2024.