Breaking News: Investors Suffering Losses from Constellation Brands, Inc. Encouraged to Join Securities Fraud Class Action
LOS ANGELES, CA – March 4, 2025
The Law Offices of Frank R. Cruz, a leading national securities litigation firm, announces that investors who purchased or otherwise held Constellation Brands, Inc. (“Constellation” or the “Company”) (NYSE: STZ) securities between January 1, 2020, and December 31, 2024, inclusive (the “Class Period”), have until May 2, 2025, to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit. The lawsuit was filed on behalf of shareholders who have suffered losses as a result of Constellation’s alleged violations of the federal securities laws.
Background on Constellation Brands, Inc.
Constellation Brands, Inc. is an international producer and marketer of beer, wine, and spirits with operations in the United States, Canada, Mexico, New Zealand, and Italy. The Company’s portfolio includes popular brands such as Corona Extra, Modelo Especial, and Modelo Negra, as well as Robert Mondavi Winery, Kim Crawford, and The Prisoner Wine Company.
Allegations of Securities Fraud
The complaint alleges that Constellation made materially false and misleading statements regarding its business, operational, and financial metrics, including:
- Underreporting the impact of the COVID-19 pandemic on its business and the beer industry as a whole.
- Overstating its ability to mitigate the negative effects of the pandemic on its business and financial performance.
- Failing to disclose that its cost-cutting measures would negatively impact its ability to meet demand for its beer products.
Impact on Individual Investors
The securities fraud class action lawsuit could potentially result in significant damages for individual investors who purchased Constellation securities during the Class Period. The lawsuit seeks to recover losses on behalf of these investors, who may be eligible to receive compensation for their financial losses.
Impact on the World
The securities fraud class action lawsuit against Constellation Brands, Inc. is a reminder of the importance of transparency and accuracy in corporate reporting. Misrepresentations and omissions can have far-reaching consequences, affecting not only individual investors but also the broader business community and the economy as a whole.
Conclusion
If you purchased Constellation Brands, Inc. securities between January 1, 2020, and December 31, 2024, and have suffered financial losses, you may be eligible to join the securities fraud class action lawsuit against the Company. The Law Offices of Frank R. Cruz encourages you to contact them to discuss your legal options.
This press release is not a solicitation for investment, and it is not intended to provide legal advice on any specific matter. The Law Offices of Frank R. Cruz is committed to obtaining the best possible recovery for its clients. For more information, please contact the firm at 310-914-5007 or by email at [email protected].
Additional information about The Law Offices of Frank R. Cruz can be found at www.frankcruzlaw.com.
The Law Offices of Frank R. Cruz represents investors worldwide with consultations available in English, Spanish, French, German, Chinese, Italian, and Portuguese.
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Forward-Looking Statements: This press release may contain forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements. These statements often include words such as “believe,” “plan,” “estimate,” “continue,” “anticipate,” “intend,” “potential,” “expect,” “may,” “will,” “could,” “might,” “should,” “will be,” “will likely result,” “project,” “goal,” or words of similar meaning, including the negative of such terms.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
