INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Weight Watchers International, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith reminds investors that all purchasers of the common stock of Weight Watchers International, Inc. (“Weight Watchers” or the “Company”) WTW between February 14, 2012 and October 30, 2013, inclusive (the “Class Period”), have until May 20, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Weight Watchers provides weight management services in North America, the United Kingdom, Continental Europe, Australia, New Zealand and internationally. The Complaint alleges that during the Class Period defendants made false and/or misleading statements or failed to disclose that the Company was facing increased competition from free weight-loss apps, causing a significant drop in meeting attendance in North America and the United Kingdom, and also experiencing execution issues which were causing it to miss its internally forecasted financial plan.

On October 30, 2013, Weight Watchers announced its financial results for the third quarter of fiscal 2013 and disclosed that year-over-year quarterly revenues had declined 8.5%, quarterly net income had decreased by 10.5% and fully-diluted quarterly earnings per share had declined 11.2% from the same period the prior year. Weight Watchers also announced that it had indefinitely suspended its dividend, which it had paid regularly since 2006. Following this news, the Company's stock price fell $7.81 per share, or more than 19%, on October 31, 2013.

If you are a member of the Class described above, you may move the Court no later than May 20, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.