Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Constellation Brands, Inc. (“Constellation” or the “Company”) (NYSE: STZ) securities between April 11, 2024 to January 8, 2025, inclusive (the “Class Period”). Constellation investors have until April 21, 2025 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CONSTELLATION BRANDS, INC. (STZ), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 10, 2025, Constellation released its third quarter fiscal 2025 financial results, revealing a significant decline in net sales, citing “ongoing weaker consumer demand and continued retailer inventory destocking across most price segments in the U.S. wholesale market.”
On this news, Constellation’s stock price fell $37.47, or 17.1%, to close at $181.81 per share on January 10, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company had failed to improve mix, inventory and sales execution and investments made in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners had not been as effective as they claimed; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Constellation securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250221721636/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
