CORRECTING and REPLACING 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
NEW YORK--(BUSINESS WIRE)--May 3, 2019--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 firstname.lastname@example.org; or Robert N. Cappucci, Esq. of Entwistle & Cappucci at (212) 894-7200 or via e-mail at email@example.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.
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CONTACT: ENTWISTLE & CAPPUCCI LLP
Andrew J. Entwistle, Esq. (firstname.lastname@example.org)
500 W. 2nd Street, Suite 1900-16
Austin, TX 78701
Telephone: (512) 710-5960
ENTWISTLE & CAPPUCCI LLP
Robert N. Cappucci, Esq. (email@example.com)
299 Park Avenue, 20th Floor
New York, New York 10171
Telephone: (212) 894-7200
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Entwistle & Cappucci LLP
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PUB: 05/03/2019 06:14 PM/DISC: 05/03/2019 06:14 PM