Workflow
STZ INVESTOR NOTICE: Constellation Brands, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
STZConstellation Brands(STZ) Prnewswire·2025-04-12 01:50

Core Viewpoint - The Constellation Brands class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, with a focus on misleading information regarding the company's performance in the Wine and Spirits business and ineffective investments in media and sales capabilities [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Meza v. Constellation Brands, Inc., and covers purchasers of Constellation Brands securities from April 11, 2024, to January 8, 2025 [1]. - Investors have until April 21, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Constellation Brands created a false impression of reliable information regarding its business and failed to disclose the ineffectiveness of its investments [3]. Group 2: Financial Performance Allegations - On January 10, 2025, Constellation Brands reported third quarter fiscal year 2025 results, showing significant misses in sales performance for both the Beer and Wine and Spirits segments [4]. - The announcement of poor sales performance led to a decline in the stock price of Constellation Brands [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Constellation Brands securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].