Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Constellation Brands, Inc. (STZ) Shareholders
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Levi & Korsinsky law firm has filed a securities class action 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 after announcing disappointing Q3 fiscal year 2025 results.
March 27, 2025 | 11:00 pm
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The securities class action lawsuit alleges Constellation Brands misled investors about its financial performance, particularly in the Wine and Spirits segment, which could lead to potential financial and reputational damages.
The lawsuit directly targets Constellation Brands and alleges securities fraud, which could result in financial penalties, legal costs, and potential investor compensation. The significant stock price drop following the earnings announcement suggests market skepticism about the company's performance and management transparency.
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