Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Primo Brands Corporation due to allegations of violations of federal securities laws related to misleading statements about the merger with BlueTriton Brands, which led to significant financial losses for investors [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that Primo Brands and its executives made false and misleading statements regarding the merger, claiming it would enhance growth and operational efficiencies, while failing to disclose integration issues [4]. - Problems began to surface on August 7, 2025, when Primo Brands reported Q2 2025 earnings, revealing disruptions in product supply and service due to the merger, resulting in a stock price drop of $2.41, or approximately 9%, from $26.41 to $24.00 [4][6]. - On November 6, 2025, the company significantly reduced its full-year 2025 net sales and adjusted EBITDA guidance, leading to a further stock decline of $8.20, or 36%, from $22.66 to $14.46 over two trading sessions [5][6]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased securities during the specified class periods are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in the class action [1][2]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against Primo Brands is January 12, 2026 [2]. - The lead plaintiff is defined as the investor with the largest financial interest who directs the litigation on behalf of the class, with the option for any class member to move the court to serve as lead plaintiff [7].
PRMB DEADLINE: Faruqi & Faruqi Reminds Primo Brands Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 deadline
TMX Newsfile·2025-12-25 13:19