Glancy Prongay & Murray LLP Announces Securities Fraud Class Action Lawsuit Against Constellation Brands, Inc.
On March 6, 2025, Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announced that investors who suffered losses on their Constellation Brands, Inc. (“Constellation” or the “Company”) investments have the opportunity to lead the securities fraud class action lawsuit against the company. The lawsuit alleges that Constellation made false and misleading statements and failed to disclose material information to the investing public.
Background on Constellation Brands, Inc.
Constellation Brands, Inc. is an international producer and marketer of beer, wine, and spirits. The Company’s portfolio includes well-known brands such as Corona, Modelo, and Pacifico (beer); Robert Mondavi and The Prisoner Wines (wine); and Svedka Vodka (spirits). Constellation’s stock is traded on the New York Stock Exchange under the symbol STZ.
The Allegations
The complaint alleges that Constellation made false and misleading statements and failed to disclose material information to the investing public between August 1, 2023 and December 16, 2024. Specifically, the Company is accused of misrepresenting the financial performance of its Modelo beer business in Mexico. Constellation reportedly failed to disclose that the Mexican government had imposed new regulations on beer imports, which negatively impacted Constellation’s sales and profits in that market.
The Impact on Investors
The lawsuit seeks to recover damages for investors who purchased Constellation stock between August 1, 2023 and December 16, 2024. If the lawsuit is successful, those investors may be entitled to compensation for their losses. The lead plaintiff deadline for joining the lawsuit is April 21, 2025.
The Impact on the World
The outcome of this lawsuit could have significant implications for the beverage industry, particularly for companies with significant operations in Mexico. The new regulations on beer imports could lead to increased competition and potential price wars between companies. Additionally, this lawsuit could encourage other investors to bring similar actions against companies with significant international operations.
Conclusion
Investors who purchased Constellation Brands, Inc. stock between August 1, 2023 and December 16, 2024, and suffered losses as a result, have the opportunity to join a securities fraud class action lawsuit against the Company. The lawsuit alleges that Constellation made false and misleading statements and failed to disclose material information regarding the financial performance of its Modelo beer business in Mexico. The outcome of this lawsuit could have significant implications for the beverage industry and encourage similar actions against other companies with significant international operations.
- Glancy Prongay & Murray LLP announces securities fraud class action lawsuit against Constellation Brands, Inc.
- Company accused of misrepresenting financial performance of Modelo beer business in Mexico.
- Plaintiffs allege Constellation failed to disclose new regulations on beer imports in Mexico.
- Lead plaintiff deadline for joining the lawsuit is April 21, 2025.
- Outcome of the lawsuit could have significant implications for the beverage industry.
