PRMB SHAREHOLDER NOTICE: Primo Brands Corporation (PRMB) Sued Amid Botched Integration, CEO Departure -- Hagens Berman
Prnewswire·2025-11-26 13:50

Core Viewpoint - A securities class action lawsuit has been filed against Primo Brands Corporation following issues related to its merger with BlueTriton Brands, alleging misleading statements about the merger's success and integration process [1][3]. Group 1: Lawsuit Details - The lawsuit aims to represent investors who acquired Primo Brands' common stock between June 17, 2024, and November 6, 2025 [2]. - The firm Hagens Berman is investigating claims against Primo Brands and its executives, urging affected investors to report their losses [2][3]. - The litigation focuses on claims that Primo's assurances regarding the merger's benefits were false, as the integration was reportedly problematic and negatively impacted performance [3][5]. Group 2: Financial Impact - On August 7, 2025, Primo's Q2 financial results revealed integration issues, leading to a share price drop of $2.41 (-9%) [3][6]. - Following the announcement of leadership changes and Q3 financial results on November 6, 2025, Primo was forced to revise its 2025 revenue forecast from expected growth of 3%-5% to a low single-digit decline, resulting in a share price crash of $8.20 (-36%) the next day [5][6]. Group 3: Management Response - New CEO Eric Foss acknowledged that the company may have moved too quickly during the merger integration, which led to customer service and operational issues [5]. - Foss indicated that there is still significant work needed to resolve ongoing customer service problems related to the merger [5]. Group 4: Investigation and Whistleblower Information - Hagens Berman is investigating the extent of company leadership's awareness of integration problems that contradicted their public assurances [7]. - The firm encourages individuals with non-public information about Primo to consider whistleblower options, which may offer rewards for information leading to successful recovery [7].

PRMB SHAREHOLDER NOTICE: Primo Brands Corporation (PRMB) Sued Amid Botched Integration, CEO Departure -- Hagens Berman - Reportify