Levi & Korsinsky Reminds Constellation Brands, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 21, 2025 - STZ
1. A class action lawsuit has been announced against Constellation Brands, Inc.
2. The lawsuit alleges securities fraud affecting investors from April 2024 to January 2025.
3. Major sales misses in the Beer and Wine & Spirits segments triggered stock price drop.
4. The stock fell from $219.28 to $181.81 within two days after disappointing results.
5. Investors can opt to join the lawsuit at no cost to recover potential losses.
The significant sales misses and the ensuing lawsuit raise doubts about the company's financial performance. Historical cases, like those involving companies with similar claims, typically result in stock price declines during litigation periods.
How important is it?
The article directly impacts STZ due to the securities lawsuit's potential financial implications and stock performance. Ongoing litigation can significantly influence investor sentiment and market perception of the company.
Why Short Term?
Short-term effects are anticipated as lawsuits may initially deter investors and influence stock prices. However, corrective measures or successful resolution may stabilize prices over time.
Levi & Korsinsky, LLP notifies investors in Constellation Brands, Inc. ("Constellation" or the "Company") (NYSE: STZ) of a class action securities lawsuit.
CLASS DEFINITION:
The lawsuit seeks to recover losses on behalf of Constellation investors who were adversely affected by alleged securities fraud between April 11, 2024 and January 8, 2025. Follow the link below to get more information and be contacted by a member of our team:
STZ investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS:
According to the complaint, defendants provided investors with material information concerning Constellation's full year 2024 fiscal results and financial outlook for 2025 which was based in material part on defendants enhanced focus on improving mix, inventory and sales execution in its Wine and Spirits business, specifically focusing efforts within its premium and above brands to drive more consistent growth. Additionally, defendants made investments in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners. On January 8, 2025 defendants issued a press release announcing the Company's third quarter fiscal year 2025 results. In pertinent part, defendants presented a significant miss on sales performance in the Beer segment and an even steeper miss for the Wine & Spirits. Following this news, the price of Constellation's common stock declined dramatically. From a closing market price of $219.28 per share on January 8, 2025 to $181.81 per share on January 10, 2025.
WHAT'S NEXT?
If you suffered a loss in Constellation during the relevant time frame, you have until April 21, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU:
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY:
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004 [email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171 www.zlk.com
