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Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 21, 2025 in Constellation Lawsuit - STZ
STZConstellation Brands(STZ) Prnewswire·2025-04-11 09:45

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 who were negatively 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 the financial outlook for 2025, particularly in the Wine and Spirits business [2]. - On January 8, 2025, Constellation announced disappointing third-quarter results, with significant misses in both the Beer and Wine & Spirits segments, leading to a sharp decline in stock price from 219.28to219.28 to 181.81 within two days [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 role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].