Core Viewpoint - Hagens Berman is alerting investors about a pending securities class action lawsuit against Primo Brands Corporation, with a lead plaintiff deadline of January 12, 2026, for those who suffered significant losses [1][5]. Group 1: Allegations and Lawsuit Details - The lawsuit aims to recover losses incurred by investors due to undisclosed operational crises following the merger of Primo Water and BlueTriton Brands, which management claimed was a "flawless" integration [2][4]. - The complaint highlights a contradiction between management's assurances and the new CEO's admission of "self-inflicted" disruptions affecting the ReadyRefresh delivery business [4]. - The first disclosure event occurred on August 7, 2025, when the company reported weak Q2 results and reduced guidance, leading to a 9% stock drop [6]. - The final disclosure event on November 6, 2025, involved a significant reduction in full-year adjusted EBITDA guidance and the replacement of the CEO, resulting in a 21% stock crash [3][6]. Group 2: Operational Issues - The lawsuit emphasizes that the company concealed severe operational risks related to the merger integration, which led to technology breakdowns, supply disruptions, and customer service issues [6]. - The new CEO's comments confirmed the severity of these undisclosed operational issues, which were described as "self-inflicted" [6]. Group 3: Next Steps for Investors - Hagens Berman is advising investors who purchased PRMB shares during the Class Period (June 17, 2024 – November 6, 2025) and experienced substantial losses to contact the firm [5][6]. - Whistleblowers with non-public information regarding Primo are encouraged to consider their options to assist in the investigation [7].
PRMB 13-DAY DEADLINE ALERT: Primo Brands (PRMB) Facing Class Action Lawsuit Over Allegedly Concealed Merger Failure, CEO Replacement, and “Self-Inflicted” Disruptions - Hagens Berman Scrutinizing
Globenewswire·2025-12-31 19:03