Thieler Law Corp advises investors with losses exceeding $100,000 of the April 23, 2019 lead plaintiff deadline in a class action lawsuit filed against Conagra Brands Inc (NYSE: CAG) (“Conagra” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased Conagra Brands Inc securities between June 27, 2018 and December 19, 2018, have until April 23, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Conagra Brands Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Conagra inadequately performed proper due diligence in connection with the Pinnacle acquisition; the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but due to self-inflicted subpar innovation and executional missteps; Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and as a result, defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.

On December 20, 2018, the Company revealed financial results for the second quarter of fiscal year 2019 that ended on November 25, 2018. The financial results included the impact of 31 days of Pinnacle ownership. For the 31 days after the closing, net sales for the Pinnacle segment totaled $259 million which "were below expectations due to weak performance across a range of significant brands."

Following this news, NYSE: CAG fell from $29.09 per share on December 19, 2018 to a closing price of $24.28 on December 20, 2018.

If you were negatively impacted by your investment in Conagra Brands Inc securities between June 27, 2018 and December 19, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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