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SAN DIEGO, April 29, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in NYSE: CAG shares against Conagra Brands, Inc.
Investors, who purchased shares of Conagra Brands, Inc. (NYSE: CAG), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants failed to disclose material information concerning Conagra’s acquisition of Pinnacle Foods, Inc. including that Conagra Brands, Inc inadequately performed proper due diligence in connection with the acquisition of Pinnacle, that the performance of Pinnacle Foods’ three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps, that Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales, and that as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
Those who purchased Conagra Brands, Inc. (NYSE: CAG) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.