Philip Morris International Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Philip Morris International Inc |
Stock Symbol : | NYSE: PM |
Class Period Start: | 02/08/2018 |
Class Period End: | 04/18/2018 |
Lead Plaintiff motion: | 11/05/2018 |
Date Filed: | 09/04/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the November 5, 2018 lead plaintiff deadline in a class action lawsuit filed against Philip Morris International Inc (NYSE: PM) (“Philip Morris” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Philip Morris International Inc securities between February 8, 2018 and April 18, 2018, have until November 5, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Philip Morris International 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 Philip Morris was experiencing a faster decline in overall cigarette and e-cigarette (or “heated tobacco”) sales volumes during the first quarter of 2018 than investors had been led to believe; Philip Morris’ much-lauded sales initiatives had stalled; Philip Morris was experiencing adverse sales headwinds in key markets; and as a result of the foregoing, defendants’ statements about Philip Morris’ business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis. On April 19, 2018, the Company revealed that combined cigarette and heated tobacco unit shipment volume had declined by 2.3% during the quarter, that key sales initiatives had stalled, and that cigarette shipments had fallen. Following this news, NYSE: PM fell more than 15%, to close at $85.64 per share on April 19, 2018. If you were negatively impacted by your investment in Philip Morris International Inc securities between February 8, 2018 and April 18, 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |