Glancy Prongay & Murray LLP Announces Securities Fraud Class Action Lawsuit Against Constellation Brands, Inc.
On March 20, 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, with operations in the United States, Canada, Mexico, New Zealand, and Italy. The Company’s portfolio includes well-known brands such as Corona Extra, Modelo Especial, and Modelo Negra, as well as Robert Mondavi Winery and Kim Crawford.
The Alleged Misconduct
The securities fraud class action lawsuit alleges that Constellation made false and misleading statements and failed to disclose material information to the investing public regarding the Company’s business, operations, and prospects. Specifically, the complaint alleges that Constellation failed to disclose: (i) declining trends in the Company’s beer business in the United States, (ii) weakness in the Company’s Modelo brand in the Mexican market, and (iii) declining trends in the Company’s wine business.
The Impact on Shareholders
As a result of Constellation’s alleged misconduct, the Company’s stock price was artificially inflated, and when the truth was revealed, the stock price declined significantly. Investors who purchased Constellation securities between [Date 1] and [Date 2] may be able to recover their losses through the securities fraud class action lawsuit.
The Impact on the World
The securities fraud class action lawsuit against Constellation Brands, Inc. is significant because it highlights the importance of transparency and honesty in the business world. When companies fail to disclose material information to investors, it undermines the trust and confidence in the capital markets. This, in turn, can have far-reaching consequences for the global economy.
Lead Plaintiff Deadline
If you suffered losses on your Constellation investments, you may be eligible to serve as a lead plaintiff in the securities fraud class action lawsuit before the April 21, 2025, lead plaintiff deadline. Lead plaintiffs play a crucial role in the litigation process, helping to shape the direction of the case and negotiate a settlement on behalf of the class.
Contact Information
To learn more about this securities fraud class action lawsuit and your potential role as a lead plaintiff, please contact Glancy Prongay & Murray LLP by email at [email protected] or call toll-free at (888) 773-9224. Investors have until the lead plaintiff deadline to request appointment as lead plaintiff.
Conclusion
Investors who suffered losses on their Constellation Brands, Inc. investments may be able to recover their losses through the securities fraud class action lawsuit. The lawsuit alleges that Constellation made false and misleading statements and failed to disclose material information to the investing public. If you believe you may be eligible to participate in the lawsuit, contact Glancy Prongay & Murray LLP before the April 21, 2025, lead plaintiff deadline.
- Glancy Prongay & Murray LLP announces securities fraud class action lawsuit against Constellation Brands, Inc.
- Investors suffered losses on Constellation investments may be able to recover losses.
- Lawsuit alleges Constellation made false and misleading statements and failed to disclose material information.
- Lead plaintiff deadline is April 21, 2025.
- Contact Glancy Prongay & Murray LLP for more information.
