Breaking News: Constellation Brands Investors Suffer Losses – Class Action Lawsuit Announced
Los Angeles, CA, April 3, 2025 – Glancy Prongay & Murray LLP, a renowned national law firm, has announced that investors who have experienced losses in 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 Brands, Inc. violated federal securities laws.
Background on Constellation Brands, Inc. (NYSE: STZ)
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 Extra, Modelo Especial, and Modelo Negra, as well as Robert Mondavi Winery and Kim Crawford. Constellation Brands reportedly generated revenue of approximately $11.1 billion in 2024.
The Allegations
The securities fraud class action lawsuit alleges that Constellation Brands, Inc. made false and misleading statements to the public concerning the Company’s business, operational, and financial results. Specifically, the lawsuit alleges that Constellation Brands, Inc. failed to disclose material information regarding the Company’s business and financial condition, including:
- Declining sales in key markets
- Operational challenges in its beer division
- Increased competition in the beer industry
- Negative impact of foreign exchange rates on the Company’s business
- Inadequate disclosures regarding the Company’s business strategy and growth prospects
Impact on Individual Investors
If you invested in Constellation Brands, Inc. and suffered losses, you may be eligible to participate in the securities fraud class action lawsuit against the Company. The lead plaintiff deadline to apply for appointment as the lead plaintiff is April 21, 2025. To learn more about the lawsuit and the lead plaintiff selection process, click here.
Impact on the World
The securities fraud class action lawsuit against Constellation Brands, Inc. could potentially have a ripple effect on the beverage industry as a whole. The lawsuit, if successful, could lead to increased scrutiny of other companies in the industry and potentially result in regulatory actions or changes in business practices. Additionally, the lawsuit could impact investor confidence in the beverage industry and lead to a decrease in investment activity.
Conclusion
The securities fraud class action lawsuit against Constellation Brands, Inc. is an important development for investors who have suffered losses in their Constellation Brands investments. The lawsuit alleges that the Company made false and misleading statements regarding its business, operational, and financial results, and investors who suffered losses may be eligible to participate in the lawsuit. The impact of the lawsuit on the beverage industry and investor confidence remains to be seen.
For more information about the Constellation Brands securities fraud class action lawsuit, please contact Glancy Prongay & Murray LLP at 310-201-9150 or visit www.glancylaw.com.
