Green Mountain Well Off Lows as Spokesperson Confirms Litigation

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Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares have moved well off their lows of the session, now down less than 3%, after spiking down nearly as much as 7% earlier in the session.Benzinga reached out to the company to get a reason for the sharp plunge. A company spokesperson, who declined to be named, confirmed the litigation against the company, but did not give further details on it. At last check, shares were trading at $91.37, a loss of $2.25 or 2.4% on the session. Shares had reached a low of $87.24 earlier in the session before recovering. Volume is exceptionally strong today, having traded over 4.7 million shares already today. The average daily volume is just over 3.6 million shares.Green Mountain Coffee Roasters, Inc. engages in the specialty coffee and coffee maker business.

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