Thread regarding ConAgra Foods Inc. layoffs

Just one lawsuit after another.

Conagra Brands Inc.'s directors misled investors about how well Pinnacle Foods Inc. was doing before the two companies merged in 2018, a May 9 shareholder derivative suit says.

The packaged food company hid its alleged due diligence failures from investors, according to the complaint filed in the U.S. District Court for the Northern District of Illinois. Conagra’s directors also misled investors about “self-inflicted subpar innovation and executional missteps” at Pinnacle, the complaint says.

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Just add them to growing number of Exploding PAM lawsuits!!

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