IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Molson Coors Brewing Com...
February 19 2019 - 11:41AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Molson
Coors Brewing Company (“Molson Coors” or “the Company”) (NYSE: TAP)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
Investors who purchased the Company's shares between February
14, 2017 and February 11, 2019, inclusive (the ''Class Period''),
are encouraged to contact the firm before April 16, 2019.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. Molson Coors did not take
proper steps to reconcile the outside basis deferred income tax
liability for the Company’s investment in the MillerCoors, LLC
partnership. This resulted in the Company misreporting its net
income in its financial statements for the year ending December 31,
2016, and December 31, 2017. Consequently, the net income for these
two years was revised downwards. Molson Coors lacked effective
internal controls on financial reporting. Based on these facts, the
Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth
about Molson Coors, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20190219005753/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.comOffice: 310-301-3335Cell:
424-303-1964info@schallfirm.com
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