CORRECTING & REPLACING Securities Class Action Filed on Behalf of Persons or Entities That Transacted in Options of the Kraft...
May 03 2019 - 6:14PM
Business Wire
Please replace the release with the following corrected version
due to multiple revisions.
The corrected release reads:
SECURITIES CLASS ACTION FILED ON BEHALF OF
PERSONS OR ENTITIES THAT TRANSACTED IN OPTIONS OF THE KRAFT HEINZ
COMPANY OR CERTAIN RELATED DERIVATIVES DURING THE PERIOD JULY 6,
2015 THROUGH FEBRUARY 21, 2019, INCLUSIVE
Entwistle & Cappucci LLP (“Entwistle & Cappucci”)
announced it has filed a securities class action lawsuit on behalf
of persons or entities that purchased call options, sold put
options and/or purchased futures of Kraft Heinz Company (“Kraft
Heinz” or the “Company”) during the period July 6, 2015 through
February 21, 2019, inclusive (the “Class Period”). The case was
filed in the United States District Court for the Northern District
of Illinois, Case No. 1:19-cv-02807, against Kraft Heinz and
related defendants (collectively, “Defendants”).
The complaint alleges that, during the Class Period, the
Defendants made materially false and misleading statements and
failed to disclose material adverse facts concerning the Company’s
business prospects, accounting practices and the value of its
brands. The subject misstatements were corrected by a series of
partial disclosures, the most recent of which was the February 21,
2019 announcement that the Company would be taking a $15.4 billion
goodwill impairment.
On May 1, 2019, the Honorable Judge Robert M. Dow, Jr. set a
briefing schedule for the appointment of lead plaintiff.
Response/position briefs are due on May 15, 2019 and reply briefs
are due on May 22, 2019.
If you wish to discuss this Action or have any questions
concerning this notice or your rights or interests, please contact:
Andrew J. Entwistle, Esq. of Entwistle & Cappucci at (512)
710-5960 or via e-mail at aentwistle@entwistle-law.com; or Robert
N. Cappucci, Esq. of Entwistle & Cappucci at (212) 894-7200 or
via e-mail at rcappucci@entwistle-law.com.
About Entwistle & Cappucci
Entwistle & Cappucci is a national law firm providing
exceptional legal representation to clients globally in the most
complex and challenging legal matters. Our practice encompasses all
areas of litigation, including securities, antitrust, corporate
transactions, general corporate and commercial, creditor’s rights
and bankruptcy, corporate governance and fiduciary duty, government
affairs, insurance, investigations and white collar defense. Our
clients include public and private corporations, major hedge funds,
public pension funds, governmental entities, leading institutional
investors, domestic and foreign financial services companies,
emerging business enterprises and individual entrepreneurs.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190503005510/en/
ENTWISTLE & CAPPUCCI LLPAndrew J. Entwistle, Esq.
(aentwistle@entwistle-law.com)500 W. 2nd Street, Suite
1900-16Austin, TX 78701Telephone: (512) 710-5960ENTWISTLE &
CAPPUCCI LLPRobert N. Cappucci, Esq.
(rcappucci@entwistle-law.com)299 Park Avenue, 20th FloorNew York,
New York 10171Telephone: (212) 894-7200www.entwistle-law.com
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From Apr 2024 to May 2024
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From May 2023 to May 2024