Deadline Alert: Primo Brands Corporation (PRMB) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire·2025-11-26 04:00

Core Viewpoint - The article discusses a class action lawsuit against Primo Brands Corporation, highlighting the upcoming deadline for investors to file a lead plaintiff motion due to significant stock price declines following operational disruptions and misleading statements by the company [1][5]. Group 1: Company Background and Events - On November 8, 2024, Primo Water completed a merger with BlueTriton Brands, leading to the formation of Primo Brands [2]. - On August 7, 2025, Primo Brands reported second quarter financial results, revealing that rapid facility closures and headcount reductions caused supply and service disruptions, resulting in a stock price drop of $2.41, or 9.1%, to close at $24.00 per share [3]. - On November 6, 2025, the company announced a CEO replacement and lowered its full-year 2025 net sales and adjusted EBITDA guidance, attributing issues to the rapid integration process, which led to a further stock price decline of $8.20, or 36.2%, closing at $14.46 per share [4]. Group 2: Lawsuit Details - The class action lawsuit alleges that during the Class Period, the defendants made materially false and misleading statements and failed to disclose adverse facts regarding the company's operations and prospects, including poor merger integration and significant supply disruptions [5]. - Investors who purchased Primo Brands common stock during the Class Period have until January 12, 2026, to request appointment as lead plaintiff in the class action lawsuit [6].