PRMB DEADLINE ALERT: Primo Brands (PRMB) Investors Alerted to Today's Lead Plaintiff Deadline in Securities Class Action
Prnewswire·2026-01-12 10:04

Core Viewpoint - Hagens Berman alerts investors in Primo Brands Corporation regarding a deadline for lead plaintiff appointment in a securities class action lawsuit related to undisclosed operational issues following the merger with BlueTriton Brands [1][5]. Group 1: Allegations and Lawsuit Details - The lawsuit aims to recover losses incurred by investors after the revelation of a severe operational crisis that was allegedly concealed by the company [2]. - The complaint claims that management misrepresented the merger integration as "flawless," while the reality involved significant failures in technology, logistics, and customer service [2][4]. - The first major disclosure occurred on August 7, 2025, when the company reported weak Q2 results and reduced guidance, leading to a 9% drop in stock price [6]. - The final disclosure on November 6, 2025, involved a drastic reduction in full-year adjusted EBITDA guidance and the replacement of the CEO, resulting in a 21% stock crash [3][6]. Group 2: Management and Operational Issues - The crux of the complaint centers on the contradiction between the company's assurances of a successful merger and the new CEO's acknowledgment of "self-inflicted" disruptions affecting the ReadyRefresh delivery business [4]. - The litigation highlights undisclosed operational risks masked by the company's misrepresentations regarding the merger integration [4]. 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 Hagens Berman for assistance [5]. - The deadline for submitting claims to become a lead plaintiff is January 12, 2026 [1][6].