Important Notice for Constellation Brands, Inc. (STZ) Shareholders
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, issues this notice to all persons who purchased shares of Constellation Brands, Inc. (NYSE: STZ) between March 1, 2023, and February 28, 2025, inclusive (the “Class Period”).
Class Action Lawsuit Filed Against Constellation Brands, Inc.
The Gross Law Firm announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of shareholders of Constellation Brands, Inc. (NYSE: STZ). The complaint alleges that the Company and certain of its officers and directors violated the Securities Exchange Act of 1934 by making false and misleading statements and/or failing to disclose material information during the Class Period.
Allegations Against Constellation Brands, Inc.
According to the complaint, during the Class Period, Constellation Brands, Inc. made false and/or misleading statements and/or failed to disclose that:
- The Company’s business was negatively impacted by supply chain disruptions;
- The Company’s financial statements for the fiscal year 2023 contained material errors;
- The Company’s financial projections for the fiscal year 2024 were overstated;
- The Company was experiencing declining sales in certain key product categories;
- The Company’s senior management was aware of these issues but failed to disclose them to investors.
Possible Impact on Shareholders
If you are a shareholder of Constellation Brands, Inc. (NYSE: STZ) and purchased shares during the Class Period, you may be entitled to seek appointment as lead plaintiff in the lawsuit. The lead plaintiff is usually the person or entity that has the largest financial interest in the relief sought by the class. The lead plaintiff plays a significant role in shaping the direction of the lawsuit, including the selection of counsel, the development of the case strategy, and decision-making regarding settlements.
Possible Impact on the World
The class action lawsuit against Constellation Brands, Inc. could have far-reaching consequences. The Company is a leading beverage alcohol producer and marketer, with a portfolio of popular brands such as Corona Extra, Modelo Especial, and Svedka Vodka. The lawsuit alleges that the Company and its executives misled investors about the financial health of the business, potentially damaging investor confidence and the reputation of the Company. If the allegations are proven true, it could result in significant financial damages for the Company, as well as increased regulatory scrutiny and potential changes to business practices.
Conclusion
If you are a shareholder of Constellation Brands, Inc. (NYSE: STZ) and purchased shares during the Class Period, you may be entitled to seek appointment as lead plaintiff in the lawsuit. The Gross Law Firm encourages you to contact the firm as soon as possible to discuss your legal rights and potential remedies. The lawsuit could have significant implications for both individual investors and the broader business community. Stay tuned for updates on this developing story.
The Gross Law Firm represents investors worldwide, and the firm’s attorneys are committed to securing the best possible outcome for their clients.
For more information about The Gross Law Firm or the class action lawsuit against Constellation Brands, Inc., please contact the firm at 888-361-4560, email [email protected], or fill out the contact form on the firm’s website, www.thegrosslawfirm.com/contact.
About The Gross Law Firm
The Gross Law Firm is a leading national shareholder rights law firm representing purchasers of securities, including individual and institutional investors, pension funds, and other entities. The firm has recovered billions of dollars for its clients and is committed to advocating for the rights of shareholders, consumers, and residents of toxic and hazardous environments. The firm’s attorneys have extensive experience in securities litigation, and the firm is consistently recognized for its excellence by the American Bar Association, Super Lawyers, and other reputable organizations.
