Shareholders that Lost Money on Constellation Brands, Inc. (STZ) Should Contact Levi & Korsinsky About Pending Class Action - STZ
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Levi & Korsinsky law firm has filed a class action securities lawsuit against Constellation Brands (STZ) alleging securities fraud between April 11, 2024 and January 8, 2025. The lawsuit claims the company misrepresented its financial outlook, particularly in the Wine and Spirits segment, leading to a significant stock price decline from $219.28 to $181.81 per share.
March 21, 2025 | 2:15 pm
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The class action lawsuit targets Constellation Brands' financial disclosures, specifically challenging the company's representations about its Wine and Spirits business performance in fiscal year 2024-2025.
The lawsuit directly impacts STZ by alleging securities fraud, which could lead to financial penalties, reputational damage, and potential settlement costs. The significant stock price drop from $219.28 to $181.81 indicates market reaction to the alleged misrepresentations.
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