Glancy Prongay & Murray LLP Announces Investigation on Behalf of Campbell Soup Company Investors (CPB)
LOS ANGELES--(BUSINESS WIRE)--Sep 28, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Campbell Soup Company investors (“Campbell” or the “Company”) (NYSE: CPB ) concerning the Company and its officers’ possible violations of federal securities laws.
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On May 18, 2018, Campbell announced unsatisfactory financial results for the third quarter, including a $19 million loss for the Campbell Fresh division in the third quarter fiscal 2018, forcing the company to take a $619 million pre-tax non-cash impairment charge for the division and to further revise its fiscal year 2018 earnings guidance. Furthermore, Campbell announced that Denise Morrison was resigning as Chief Executive Officer of the company.
On this news, shares of Campbell fell over 12%, to close at $34.37 per share on May 18, 2018, thereby injuring investors.
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If you purchased Campbell, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005676/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 09/28/2018 08:00 PM/DISC: 09/28/2018 08:00 PM