Class Action Cases

Conagra Brands, Inc.

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning ConAgra’s acquisition of Pinnacle Foods, Inc. (“Pinnacle”). The Registration Statement for the merger included untrue statements, such as touting “Compelling Strategic and Financial Benefits” of the combined companies. In fact, several core Pinnacle brands performed very poorly. On December 20, 2018, the Company released its financial results including 31 days of Pinnacle ownership, and in the ensuing conference call, blamed “weak performance across a range of significant brands” as “growth stalled,” which caused the Company to suffer from “sales and distribution losses.” Based on this news, shares of Conagra dropped 30% on December 24, 2018, an overall drop of 40% from its share price at the time of the acquisition.

Press Release

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Conagra Brands, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Los Angeles, March 15, 2019 — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Conagra Brands, Inc. (“Conagra” or “the Company”) (NYSE: CAG) who acquired new Conagra common stock pursuant or traceable to the S-4 registration statement and prospectus issued in connection with Conagra’s Oct. 2018 merger and acquisition of Pinnacle Foods, Inc. (PN), 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.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning ConAgra’s acquisition of Pinnacle Foods, Inc. (“Pinnacle”). The Registration Statement for the merger included untrue statements, such as touting “Compelling Strategic and Financial Benefits” of the combined companies. In fact, several core Pinnacle brands performed very poorly. On December 20, 2018, the Company released its financial results including 31 days of Pinnacle ownership, and in the ensuing conference call, blamed “weak performance across a range of significant brands” as “growth stalled,” which caused the Company to suffer from “sales and distribution losses.” Based on this news, shares of Conagra dropped 30% on December 24, 2018, an overall drop of 40% from its share price at the time of the acquisition.

If you are a shareholder who acquired new Conagra shares based on the merger with Pinnacle Foods, 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.

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.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

SOURCE:
The Schall Law Firm