Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Constellation Brands, Inc.
New York, NY – March 4, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, reminds investors that a class action lawsuit has been filed against Constellation Brands, Inc. (“Constellation Brands” or “the Company”) (NYSE:STZ) and certain of its officers. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the Company and its officers violated the federal securities laws during the Class Period, which is defined as the period from April 11, 2024, to January 8, 2025.
Class Definition
This lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Constellation Brands securities during the Class Period. If you purchased Constellation Brands securities during the Class Period, you may be eligible to receive compensation from the settlement of this class action. A class action is a type of lawsuit that allows a large group of people to collectively sue a company for damages.
Alleged Violations
The complaint alleges that Constellation Brands and its officers made false and misleading statements and failed to disclose material information to investors. Specifically, the complaint alleges that the Company downplayed the impact of supply chain disruptions on its business and overstated its ability to mitigate those disruptions. These allegations came to light when the Company announced a significant reduction in its earnings guidance for the fiscal year 2025.
Impact on Individual Investors
If you purchased Constellation Brands securities during the Class Period and suffered losses as a result, you may be able to recover your losses through this class action. The lawsuit seeks to hold the Company and its officers accountable for their alleged misrepresentations and provide compensation to affected investors. The amount of compensation will depend on the outcome of the lawsuit and the size of the settlement.
Impact on the World
The impact of this lawsuit on the world at large may depend on the outcome of the case. If the allegations are proven true, it could lead to increased scrutiny of other companies in the beverage industry and the food industry more broadly. It could also lead to increased transparency and disclosure requirements for companies regarding their supply chain risks and their ability to mitigate those risks. Additionally, it could result in increased damages awards for shareholders in similar cases.
Conclusion
If you purchased Constellation Brands securities during the Class Period and suffered losses, you may be eligible to participate in this class action lawsuit. The lawsuit seeks to hold the Company and its officers accountable for their alleged misrepresentations and provide compensation to affected investors. For more information, contact Bronstein, Gewirtz & Grossman, LLC today.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Constellation Brands, Inc.
- Allegations of violations of federal securities laws during the Class Period.
- Seeks to recover damages on behalf of all persons and entities that purchased Constellation Brands securities during the Class Period.
- Impact on individual investors: potential for compensation.
- Impact on the world: increased scrutiny, transparency, and disclosure requirements.
