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Class Action Filed Against Constellation Brands, Inc. (STZ) Seeking Recovery for Investors – Contact Levi & Korsinsky
Constellation BrandsConstellation Brands(US:STZ) GlobeNewswire News Room·2025-03-24 17:42

Core Viewpoint - A class action securities lawsuit has been filed against Constellation Brands, Inc. due to alleged securities fraud affecting investors between April 11, 2024, and January 8, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors impacted by the alleged fraud during the specified period [1] - The complaint highlights that the defendants provided misleading information regarding Constellation's fiscal results for 2024 and financial outlook for 2025, particularly in the Wine and Spirits business [2] - A significant sales performance miss was reported in the Beer segment and an even larger miss in the Wine & Spirits segment, leading to a sharp decline in stock price from $219.28 on January 8, 2025, to $181.81 on January 10, 2025 [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until April 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]