PHILIP MORRIS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline i...
November 04 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until November 5, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Philip Morris International Inc. (NYSE: PM), if they purchased the
Company’s shares between the expanded period of July 26, 2016 and
April 18, 2018, inclusive (the “Class Period”). This action is
pending in the United States District Court for the Southern
District of New York.
Get Help
Philip Morris investors should visit us at
https://www.claimsfiler.com/cases/view-philip-morris-international-inc-securities-litigation-1
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Philip Morris and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On April 19, 2018, Philip Morris disclosed poor financial
results for the Company’s first quarter of 2018, including a 2.3%
decline in combined cigarette and heated tobacco unit shipment
volume, key sales initiatives that had stalled, plateau in growth
due to market demographics and ineffective consumer conversion
strategies, and that cigarette shipments had fallen by 5.3%. On
this news, the price of Philip Morris shares plummeted to close at
$85.64 on April 19, 2018.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181104005020/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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