Important Notice for Constellation Brands, Inc. Shareholders
New York, April 3, 2025 – The Gross Law Firm, a leading securities litigation law firm, notifies the shareholders of Constellation Brands, Inc. (NYSE: STZ) that a class action lawsuit has been filed against the company. The lawsuit alleges that Constellation Brands and certain of its executives violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the company’s business, operations, and financial condition.
Class Period and Eligibility
The class period for this action is from February 1, 2023, to November 1, 2023. Shareholders who purchased or otherwise acquired Constellation Brands securities during this period are encouraged to contact the firm to discuss their legal rights and potential appointment as a lead plaintiff in this action. The lead plaintiff is the class member who first files a lawsuit against the defendants and whose claims are representative of the claims of the class.
Allegations Against Constellation Brands
The complaint filed in the Southern District of New York alleges that Constellation Brands and certain executives made false and misleading statements regarding the company’s business, operations, and financial condition, including:
- Failure to disclose that the company’s sales growth was primarily driven by price increases and not organic growth;
- Failure to disclose that the company was experiencing declining volumes in key product categories;
- Failure to disclose that the company was facing increased competition in the beer market;
- Failure to disclose that the company was experiencing supply chain disruptions and inflationary pressures;
As a result of these alleged false statements, Constellation Brands’ stock traded at artificially inflated prices during the class period, causing significant harm to investors.
Effect on Individual Shareholders
If you purchased Constellation Brands securities during the class period and suffered financial losses, you may be entitled to compensation. The Gross Law Firm encourages you to contact the firm to discuss your legal rights and potential recovery.
Effect on the World
The outcome of this lawsuit could have significant implications for the securities industry and investor protection. If the allegations are proven true, it could serve as a reminder to companies to provide accurate and transparent information to investors. It could also lead to increased scrutiny of executive compensation practices and corporate governance structures.
Conclusion
The Gross Law Firm continues to investigate potential securities fraud claims against Constellation Brands and encourages shareholders to contact the firm to discuss their legal rights and potential recovery. This is not a solicitation or an offer of legal services. For more information, please contact The Gross Law Firm toll-free at 855-352-3432 or email [email protected].
About The Gross Law Firm
The Gross Law Firm is a leading securities litigation law firm based in New York City. The firm represents individual and institutional investors who have suffered losses due to securities fraud, breaches of fiduciary duty, and other corporate misconduct. The firm has recovered billions of dollars for its clients and is committed to protecting the rights of investors.
