Did you purchase Kraft Heinz Co. stock (NASDAQ: KHC) between April 4th of 2017 and February 21st of 2019?
If so, you may be eligible to recover financial compensation through a class action lawsuit.
On February 22nd, 2019, Kraft Heinz stock plunged by nearly 30 percent — the stock’s largest ever sell off in a single day. This fall came after the company revealed alarming information to investors, including an SEC investigation.
If you or your family member lost money in Kraft Heinz Co., you may be entitled to financial compensation. At Sonn Law Group, we offer free, no obligation case evaluations to investors. All class action claims are handled on contingency — there are no upfront costs or out-of-pocket fees for our clients. Call us today at 305.912.3000 to discuss your options.
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Allegations: Kraft Heinz Made False and Misleading Statements
According to a class action securities fraud lawsuit, Kraft Heinz Co. made false and materially misleading statements to investors. Specifically, the firm:
- Failed to disclose that it would be forced to ‘write-down’ the value of intangible assets; and
- Did not advise investors that it had ongoing issues within its supply chain.
Once these disclosures were made — including revealing the federal investigation — the stock immediately plummeted, causing substantial financial damage to affected investors.
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