Core Viewpoint - A class action lawsuit has been initiated against Constellation Brands, Inc. for misleading investors regarding the performance of its Wine and Spirits division and other operational issues during the specified Class Period from April 11, 2024, to January 8, 2025 [1][3]. Group 1: Lawsuit Details - The class action claims that Constellation Brands misled investors by suggesting they had reliable insights into the performance of their Wine and Spirits division [3]. - Allegations include failure to improve product mix, inventory management, and sales execution, as well as not disclosing the ineffectiveness of investments in media, promotional pricing, and sales support for distributor partners [3]. - Following the announcement of significant sales shortfalls in both the Beer and Wine and Spirits segments on January 10, 2025, the company's stock price experienced a decline [4]. Group 2: Investor Information - Investors who purchased securities during the Class Period have until April 21, 2025, to file a lead plaintiff motion [1]. - The Portnoy Law Firm offers complimentary case evaluations and encourages investors to discuss their legal rights regarding potential claims to recover losses [2][5].
Constellation Brands, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. April 21, 2025 Deadline to file Lead Plaintiff Motion.