Constellation Brands(STZ) Prnewswire·2025-02-20 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Constellation Brands, Inc. regarding a class action lawsuit due to significant discrepancies in the company's financial performance, particularly in the Beer and Wine & Spirits segments, leading to a substantial decline in stock price [1]. Summary by Relevant Sections Class Action Details - Shareholders who purchased shares of Constellation Brands (STZ) between April 11, 2024, and January 8, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1]. - The deadline for shareholders to register for the class action is April 21, 2025, and there is no cost or obligation to participate [2]. Allegations Against Constellation Brands - The complaint alleges that Constellation Brands provided misleading information regarding its fiscal results for 2024 and financial outlook for 2025, focusing on improving sales execution in its Wine and Spirits business [1]. - On January 8, 2025, the company reported a significant miss in sales performance, particularly in the Beer segment, which contributed to a sharp decline in stock price from 181.81 per share within two days [1]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and illegal business practices, ensuring companies adhere to responsible business practices [3].