Cases
The Kraft Heinz Company (KHC)
Securities Class Action
Overview
Overview
- Date:
- 6/17/2019
- Company Name:
- The Kraft Heinz Company
- Stock Symbol:
- KHC
- Status:
- Closed/Complete
NEW YORK, June 17, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against The Kraft Heinz Company (NASDAQ: KHC). Our investigation concerns whether Kraft's officers and/or directors breached their fiduciary duties to Kraft's shareholders or otherwise violated state or federal laws.
On February 21, 2019, Kraft announced it had improperly accounted for the costs of products sold and that it recorded impairment charges of $15.4 billion to lower the carrying amount of goodwill in certain reporting units. Kraft also announced receipt of an SEC subpoena regarding an investigation into Kraft's accounting policies, procedures, and internal controls and that Kraft had been operating with material weaknesses in its system of internal controls over financial reporting. On this news, Kraft stock declined approximately 27.5%, from $48.18/share to $34.95/share.
If you purchased or otherwise acquired Kraft shares, have information, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 21, 2019, Kraft announced it had improperly accounted for the costs of products sold and that it recorded impairment charges of $15.4 billion to lower the carrying amount of goodwill in certain reporting units. Kraft also announced receipt of an SEC subpoena regarding an investigation into Kraft's accounting policies, procedures, and internal controls and that Kraft had been operating with material weaknesses in its system of internal controls over financial reporting. On this news, Kraft stock declined approximately 27.5%, from $48.18/share to $34.95/share.
If you purchased or otherwise acquired Kraft shares, have information, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.