PRMB 10-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·2026-01-02 19:09

Core Viewpoint - The article discusses a pending securities class action lawsuit against Primo Brands Corporation, highlighting the deadline for investors to act and the nature of the allegations regarding undisclosed operational failures following a merger [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses incurred by investors after the revelation of a severe operational crisis post-merger between Primo Water and BlueTriton Brands [2]. - Allegations include management's repeated assurances of a "flawless" merger, which were contradicted by the reality of significant technology and logistics failures [4]. - The lawsuit was triggered by disclosures culminating on November 6, 2025, when the company announced a drastic reduction in its full-year adjusted EBITDA guidance and replaced its CEO, leading to a 21% drop in stock value [3][6]. Group 2: Allegations of Misrepresentation - The complaint emphasizes the contradiction between the company's claims of a successful merger and the new CEO's acknowledgment of "self-inflicted" disruptions affecting the ReadyRefresh delivery business [4]. - It is alleged that the company concealed severe operational risks related to the merger integration, which included technology breakdowns and customer service issues [6]. - The first disclosure event occurred on August 7, 2025, when weak Q2 results were reported, causing a 9% stock drop due to mentioned service issues [6]. Group 3: Next Steps for Investors - Investors who purchased PRMB shares during the Class Period (June 17, 2024 – November 6, 2025) and experienced significant losses are encouraged to contact the law firm for potential recovery [5]. - The deadline for investors to move for lead plaintiff appointment is January 12, 2026 [1][5].