Business Wire 15-Mar-2019 10:50 PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against Conagra Brands, Inc. (NYSE:CAG), if they purchased the Company's shares between June 27, 2018 and December 19, 2018, inclusive (the "Class Period") and/or traceable to its October 2018 secondary public offering. This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased shares of Conagra and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-cag/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 23, 2019.
About the Lawsuit
Conagra and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On December 20, 2018, the Company disclosed disappointing financial results for 2Q 2019, including net sales for its recently-acquired Pinnacle segment that were "below expectations due to weak performance across a range of significant brands," which resulted in much negative scrutiny by analysts, questioning whether Conagra had performed proper due diligence in the transaction.
On this news, the price of Conagra's shares plummeted.
The case is West Palm Beach Firefighters' Pension Fund v. Conagra, 19-cv-01323.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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