The Kraft Heinz Company
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | The Kraft Heinz Company |
Stock Symbol : | NASDAQ: KHC |
Class Period Start: | 05/04/2017 |
Class Period End: | 02/21/2019 |
Lead Plaintiff motion: | 04/25/2019 |
Date Filed: | 02/24/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Western District of Pennsylvania |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the April 25, 2019 lead plaintiff deadline in a class action lawsuit filed against The Kraft Heinz Company (NASDAQ: KHC) (“Kraft” or “the Company”). The suit is pending in the U.S. District Court for the Western District of Pennsylvania and investors, who purchased The Kraft Heinz Company securities between May 4, 2017 and February 21, 2019, have until April 25, 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 The Kraft Heinz Company 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 Kraft’s internal controls, specifically with respect to its procurement area, were inadequate; Kraft would be forced to write down a significant amount of goodwill and certain intangible assets in its Kraft natural cheese business, its Oscar Mayer cold cuts business, and its Canada retail business due to supply chain issues; Kraft failed to advise investors of the foregoing issues; and as a result, Kraft’s public statements were materially false and misleading at all relevant times. On February 21, 2019, Kraft revealed that it received a subpoena from the Securities and Exchange Commission in October regarding its “accounting policies, procedures, and internal controls related to its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors.” Following this news, NASDAQ: KHC fell significantly, thereby injuring investors. If you were negatively impacted by your investment in The Kraft Heinz Company securities between May 4, 2017 and February 21, 2019 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 |