|Company name||Conagra Brands, Inc.|
NEW YORK, October 4, 2019 – Bragar Eagel & Squire is investigating certain officers and directors of Conagra Brands, Inc. (NYSE: CAG) following a class action complaint that was filed against Conagra on February 22, 2019.
The Complaint alleges that throughout the class period including in the registration statement and prospectus issued in connection with the SPO, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about Conagra’s business, operations, prospects and financial health. Specifically, defendants failed to disclose material information concerning Conagra’s acquisition of Pinnacle Foods, Inc. (“Pinnacle”), including that: (i) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (ii) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (iii) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (iv) as a result of the foregoing, defendants’ public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
If you are a long-term stockholder of Conagra securities, 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 Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.