A lawsuit was filed on behalf of investors in Campbell Soup Company (NYSE: CPB) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/10/2018 -- The Shareholders Foundation announces that an investor, who purchased shares of Campbell Soup Company (NYSE: CPB), filed a over alleged violations of Federal Securities Laws by Campbell Soup Company.
Investors who purchased shares of Campbell Soup Company (NYSE: CPB) have certain options and for certain investors are short and strict deadlines running. Deadline: November 27, 2018. NYSE: CPB investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Cambden, NJ based Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products.
On May 18, 2018, Campbell Soup Company 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 Soup Company announced that Denise Morrison was resigning as Chief Executive Officer of the company.
The plaintiff claims that between August 31, 2017, and May 17, 2018, the defendants failed to disclose known trends that were negatively impacting the profitability of the Campbell Fresh division, and that as a result of the foregoing, the defendants' positive statements about Campbell's and the Campbell Fresh division's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
Those who purchased shares of Campbell Soup Company (NYSE: CPB) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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