Constellation Brands(STZ) Prnewswire·2025-02-27 14:53Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Constellation Brands, Inc. due to alleged violations of federal securities laws related to misleading statements about the company's financial performance and outlook [2][4]. Group 1: Legal Investigation and Class Action - The firm is encouraging investors who suffered losses exceeding 50,000 in Constellation Brands between April 11, 2024, and January 8, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Constellation Brands, with a deadline of April 21, 2025, for investors to seek the role of lead plaintiff [2][6]. - The complaint alleges that Constellation and its executives made false or misleading statements regarding the company's fiscal results and financial outlook for 2025 [4]. Group 2: Financial Performance and Stock Impact - On January 8, 2025, Constellation Brands announced its third-quarter fiscal year 2025 results, revealing significant misses in sales performance, particularly in the Beer segment and an even larger miss in the Wine & Spirits segment [5]. - Following the announcement, Constellation's stock price dropped from 219.28 per share on January 8, 2025, to $181.81 per share by January 10, 2025, indicating a dramatic decline in market value [5]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3].