PRIMO BRANDS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Primo Brands Corporation and Encourages Investors to Contact the Firm
Globenewswire·2026-01-06 22:04

Core Viewpoint - A class action lawsuit has been filed against Primo Brands Corporation, alleging that the company misled investors regarding the merger with Primo Water Corporation and its integration process, leading to significant financial losses for shareholders [5]. Group 1: Allegations and Financial Impact - The lawsuit claims that during the class period, the defendants provided positive statements about the merger and its integration, despite facing significant technology and service issues that negatively impacted operations [5]. - On November 6, 2025, Primo Brands announced the replacement of its CEO and a reduction in its full-year 2025 net sales and adjusted EBITDA guidance, which led to a stock price decline of $8.20 per share, or over 36%, resulting in a loss of $2.0 billion in market capitalization within two trading days [5]. Group 2: Legal Actions and Investor Rights - Investors who purchased shares of Primo Brands or Primo Water during specified periods are encouraged to contact Bragar Eagel & Squire, P.C. to discuss their legal rights and options [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is January 12, 2026 [5].

PRIMO BRANDS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Primo Brands Corporation and Encourages Investors to Contact the Firm - Reportify