Primo Brands (PRMB) Faces Securities Class Action Following Revelations of Integration Failure and 36% Stock Crash - Hagens Berman
Prnewswire·2025-12-03 20:11

Core Viewpoint - Hagens Berman is urging investors of Primo Brands Corporation (PRMB) to take action regarding a securities fraud class action lawsuit, which alleges that the company misled investors about the successful integration of its merger, leading to significant operational failures and a substantial drop in stock value [1]. Summary by Relevant Sections Key Allegations & Facts - The class period for the lawsuit is from June 17, 2024, to November 6, 2025 [1]. - The lead plaintiff deadline is set for January 12, 2026 [1]. - Core allegations include misleading statements regarding the merger integration being "flawless," while concealing severe technology failures and supply disruptions that resulted in customer losses and a CEO replacement [1]. - Following the disclosure of operational failures on November 6, 2025, the stock price fell approximately 36% [1]. Financial Impact - The stock price decline occurred after the company admitted to moving "too far too fast" on various integration work streams, confirming operational failures [1]. - The need to slash 2025 revenue forecasts was also disclosed, contributing to the stock's dramatic drop [1]. Next Steps for Investors - Investors who purchased securities of Primo Brands (PRMB) or Primo Water (PRMW) during the class period and suffered losses may be eligible to serve as Lead Plaintiff [1]. - The deadline for filing a motion for Lead Plaintiff is January 12, 2026 [1].

Primo Brands (PRMB) Faces Securities Class Action Following Revelations of Integration Failure and 36% Stock Crash - Hagens Berman - Reportify