Thread regarding ConAgra Foods Inc. layoffs

Here we go again!

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Conagra Brands, Inc.CAG, +0.00% from June 27, 2018 through December 19, 2018, inclusive (the “Class Period”), and/or traceable to ConAgra’s secondary public offering commenced on or around October 9, 2018 (the “SPO”). The lawsuit seeks to recover damages for Conagra investors under the federal securities laws .

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose material information concerning ConAgra’s acquisition of Pinnacle Foods, Inc. (“Pinnacle”), including that: (1) Conagra inadequately performed proper due diligence in connection with the Pinnacle acquisition; (2) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but due to self-inflicted subpar innovation and executional missteps; (3) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (4) as a result, defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made. When the true details entered the market, the lawsuit claims that investors suffered damages.

by
| 552 views | |
Post ID: @Y7lABEu

1 reply

How many law firms have filed the exact same complaint? 5? 6? Does anyone know?

by
|
Post ID: @Y7lABEu-xqh

Post a reply

: