Constellation Brands, Inc. Class Action Lawsuit - STZ
Case Summary
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The Constellation Brands class action lawsuit seeks to represent purchasers or acquirers of Constellation Brands, Inc. (NYSE: STZ) securities between April 11, 2024 and January 8, 2025, inclusive (the “Class Period”). Captioned Meza v. Constellation Brands, Inc., No. 25-cv-06107 (W.D.N.Y.), the Constellation Brands class action lawsuit charges Constellation Brands and certain of Constellation Brands’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Constellation Brands class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Constellation Brands class action lawsuit must be filed with the court no later than April 21, 2025.
CASE ALLEGATIONS: Constellation Brands produces, imports, markets, and sells beer, wine, and spirits.
The Constellation Brands class action lawsuit alleges that defendants throughout the Class Period: (i) created the false impression that they possessed reliable information pertaining to Constellation Brands’ Wine and Spirits business; (ii) failed to improve mix, inventory, and sales execution; and (iii) failed to disclose that investments made in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners had not been as effective as they claimed.
The Constellation Brands class action lawsuit further alleges that on January 10, 2025, Constellation Brands announced its third quarter fiscal year 2025 results, revealing a significant miss on sales performance in the Beer segment and an even steeper miss for the Wine and Spirits segment. On this news, the price of Constellation Brands’ stock fell.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Constellation Brands securities during the Class Period to seek appointment as lead plaintiff in the Constellation Brands class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Constellation Brands class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Constellation Brands class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Constellation Brands class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.