Milberg LLP is Investigating Claims on Behalf of Weight Watchers International, Inc., Investors

NEW YORK, May 6, 2015 /PRNewswire/ -- Milberg LLP announces that it is investigating whether Weight Watchers International, Inc. ("Weight Watchers" or the "Company) WTW, and certain of its officers and directors have violated federal securities laws.   

On May 5, 2015, the Company filed a Form 8-K with the Securities and Exchange Commission which announced that: , "[o]n May 4, 2015, the Audit Committee of the Board of Directors of the Company concluded that the Company's previously issued consolidated financial statements for the fiscal year ended January 3, 2015 as contained in the Company's 2014 Annual Report on Form 10-K should be restated with respect to the accounting for certain franchise rights acquired. Based on discussions with the Staff of the Securities and Exchange Commission regarding the Company's accounting of its franchise rights acquired, the Company has determined that, subsequent to the fiscal 2009 adoption of ASC 350-30-35-2, franchise rights acquired in connection with franchise agreements that have a renewal term at the option of the franchisee will now be accounted for as definite-lived assets."

As a result, On May 6, shares of Weight Watchers fell $0.64, or roughly 7.8% in intra-day trading.

Milberg LLP is widely recognized as a leading class action and complex litigation firm, representing individual and institutional investors, unions, consumers and business entities in their pursuit for justice. If you have any information about the Company, or if you purchased Weight Watchers shares, and you would like to learn more about this potential matter, please contact the following attorney:

Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: contactus@milberg.com

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SOURCE Milberg LLP