A lawsuit was filed on behalf of investors in Molson Coors Brewing Company (NYSE: TAP) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 03/05/2019 -- The Shareholders Foundation announces that an investor, who purchased shares of Molson Coors Brewing Company (NYSE: TAP), filed a lawsuit over alleged Securities Laws violations by Molson Coors Brewing Company.
Investors who purchased shares of Molson Coors Brewing Company (NYSE: TAP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 16, 2019. NYSE: TAP investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between February 14, 2017 and February 11, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Molson Coors Brewing Company failed to properly reconcile the outside basis deferred income tax liability for Molson Coors' investment in its MillerCoors, LLC partnership, that consequently, Molson Coors Brewing Company misreported net income in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an overall downward revision to net income, that Molson Coors Brewing Company lacked adequate internal controls over financial reporting, and that as a result, defendants' statements about Molson Coors' business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Molson Coors Brewing Company (NYSE: TAP) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
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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