Law Offices of Frank R. Cruz Encourages Constellation Brands, Inc. (STZ) Investors To Inquire About Securities Fraud Class Action

Business Wire 25-Feb-2025 12:07 PM

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Constellation Brands, Inc. ("Constellation" or the "Company") (NYSE: STZ) securities between April 11, 2024 to January 8, 2025, inclusive (the "Class Period"). Constellation investors have until April 21, 2025 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR CONSTELLATION BRANDS INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On January 10, 2025, Constellation released its third quarter fiscal 2025 financial results, revealing a significant decline in net sales, citing "ongoing weaker consumer demand and continued retailer inventory destocking across most price segments in the U.S. wholesale market."

On this news, Constellation's stock price fell $37.47, or 17.1%, to close at $181.81 per share on January 10, 2025, thereby injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company had failed to improve mix, inventory and sales execution and investments made in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners had not been as effective as they claimed; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Constellation securities during the Class Period, you may move the Court no later than April 21, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us at:

Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com