NEW YORK, July 05, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Anheuser-Busch AB InBev SA/NV (“Anheuser-Busch” or the “Company”) (NYSE: BUD) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Anheuser-Busch securities from March 1, 2018 through October 24, 2018, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/bud.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants’ cost cutting measures had largely run their course; (2) the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on Anheuser-Busch’s margins, EBITDA and profitability; (3) Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; (4) Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; (5) Anheuser-Busch was at risk of having its credit ratings downgraded; (6) as a result, defendants lacked a reasonable basis for their positive statements about the Company’s dividend growth, its cost synergies, its liquidity, and defendants’ then current efforts to deleverage Anheuser-Busch’s balance sheet; (7) the liquidity and working capital disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading; (8) the risk factor disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading; (9) the representations about Anheuser-Busch’s disclosure controls in filings the Company made with the SEC were materially false and misleading; (10) the certifications issued by Defendants Carlos Brito and Felipe Dutra regarding Anheuser-Busch’s disclosure controls and internal controls over financial reporting were materially false and misleading; and (11) based on the foregoing, defendants lacked a reasonable basis for their positive statements about Anheuser-Busch’s then-current business operations and future financial prospects.
If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/bud or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Anheuser-Busch you have until August 20, 2019 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org