19/04/2019 21:18:00

KHC CLASS ACTION REMINDER: Hagens Berman Reminds Kraft Heinz (KHC) Investors of Securities Class Action, Encourages Investors to Contact the Firm

SAN FRANCISCO, April 19, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Kraft Heinz Company (NASDAQ: KHC) of the pending securities class action and the April 25, 2019 Lead Plaintiff deadline.  If you purchased or otherwise acquired Kraft Heinz common stock or bonds between July 6, 2015 and February 21, 2019 (the “class period”) and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information about the case or to inquire about serving as Lead Plaintiff click


or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing



According to the complaint, during the class period Defendants (a) misled investors about whether Kraft’s Zero Based Budgeting and other cost-saving measures would deliver increased profitability while simultaneously maintaining base business momentum and (b) did not disclose known trends that were negatively impacting Kraft’s organic sales growth and profitability.

On February 21, 2019, Defendants announced disappointing financial results for Q4 and FY 2018 and Kraft recorded impairment charges totaling $15.4 billion to reduce goodwill and intangible assets.

This news drove the price of Kraft shares down $13.23, or down about 27.5%, to close at $34.95 on February 22, 2019.

“We’re focused on investors’ losses, the extent to which Defendants’ statements about impairment analysis and asset values may have misled investors, and possible improper use of side agreements,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding Kraft Heinz should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email KHC@hbsslaw.com.

About Hagens Berman

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country.  The firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.


Reed Kathrein, 510-725-3000

Hagens Berman Sobol Shapiro LLP Logo

Related content
18 Jun - 
Bragar Eagel & Squire, P.C. is Investigating Certain Of..
24 Apr - 
Glancy Prongay & Murray Reminds Investors of Looming De..
22 Apr - 
Related debate
30 May - 
Det er også vildt at have 100% i MO selvom det er et ve..
29 May - 
Lyder vildt hvis han har 50% i disse 2 aktier, det vild..
29 May - 
Hej Tommy Kom til at tænke på hvad du gør med dine akti..

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news


EuroInvestor: In Focus


EuroInvestor: In Focus


EuroInvestor: In Focus

Most read news

  • 24 hours
  • 48 hours
  • 1 week
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Verb Technology Company, Inc. (VERB)
Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against RCI Hospitality Holdings, Inc.
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Omnicell, Inc. (OMCL)
Repligen Corporation Announces Closing of Public Offerings of $138.1 Million of Common Stock and $287.5 Million of 0.375% Convertible Senior Notes due 2024, Including Full Exercise of Underwriters’ Options
Michelle Obama to Headline Elevate Tech Fest

Related stock quotes

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
20 July 2019 17:48:43
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190703.1 - EUROWEB1 - 2019-07-20 18:48:43 - 2019-07-20 17:48:43 - 1000 - Website: OKAY