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Contact The Gross Law Firm by April 21, 2025 Deadline to Join Class Action Against Constellation Brands, Inc. (STZ)
STZConstellation Brands(STZ) GlobeNewswire News Room·2025-03-26 15:05

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Constellation Brands, Inc. regarding a class action lawsuit related to alleged misleading information about the company's financial performance and outlook [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from April 11, 2024, to January 8, 2025 [3]. - Allegations include that defendants provided misleading information about Constellation's fiscal results for 2024 and financial outlook for 2025, focusing on improvements in the Wine and Spirits business [3]. - The company reported significant misses in sales performance, particularly in the Beer segment and an even larger miss in the Wine & Spirits segment, leading to a sharp decline in stock price from 219.28onJanuary8,2025,to219.28 on January 8, 2025, to 181.81 on January 10, 2025 [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 21, 2025, to potentially become lead plaintiffs [4]. - Registration will provide shareholders with updates throughout the lifecycle of the case, and there is no cost or obligation to participate [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].