Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Activision, Health Insurance, Conagra, and Kraft Heinz and Encourages Investors to Contact the Firm
NEW YORK, March 10, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Activision Blizzard, Inc., Health Insurance Innovations, Inc., Conagra Brands, Inc., and The Kraft Heinz Company. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Activision Blizzard, Inc. (NASDAQ: ATVI)
Class Period: August 2, 2018 - January 10, 2019
Lead Plaintiff Deadline: March 19, 2019
The complaint alleges that throughout the class period defendants made materially false and/or misleading statements during the class period and/or failed to disclose that: (i) the termination of Activision Blizzard and Bungie’s partnership, giving Bungie full publishing rights and responsibilities for the Destiny franchise, was imminent; (ii) the termination of the two companies’ relationship would foreseeably have a significant negative impact on Activision Blizzard’s revenues; and (iii) as a result, Activision Blizzard’s public statements were materially false and misleading at all relevant times.
To learn more about the Activision class action go to: http://bespc.com/atvi/.
Health Insurance Innovations, Inc. (NASDAQ: HIIQ)
Class Period: February 28, 2018 - November 27, 2018
Lead Plaintiff Deadline: April 19, 2019
The complaint alleges that throughout the class period made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, the complaint alleges that defendants failed to disclose to investors: (1) that a substantial portion of the company’s revenues were derived from third parties; (2) that these third parties used deceptive tactics to sell the company’s policies, including overstating the policy’s coverage and/or selling under the licenses of employees who had no involvement in the underlying sales; (3) that regulatory scrutiny of these third parties would materially impact the company’s operations; and (4) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
To learn more about the Health Insurance class action go to: http://bespc.com/hiiq/.
Conagra Brands, Inc. (NYSE: CAG)
Class Period: June 27, 2018 - December 19, 2018
Lead Plaintiff Deadline: April 23, 2019
The complaint alleges that throughout the class period defendants made materially false and misleading statements and/or failed to disclose that material information about Conagra’s acquisition of Pinnacle Foods, Inc. (“Pinnacle”), including that: (1) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (2) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (3) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (4) consequently, defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
To learn more about the Conagra class action go to: http://bespc.com/cag/.
The Kraft Heinz Company (NASDAQ: KHC)
Class Period: May 4, 2017 - February 21, 2019
Lead Plaintiff Deadline: April 25, 2019
The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) Kraft’s internal controls, specifically with respect to its procurement area, were inadequate; (2) Kraft would be forced to write down a significant amount of goodwill and certain intangible assets in its Kraft natural cheese business, its Oscar Mayer cold cuts business, and its Canada retail business due to supply chain issues; (3) Kraft failed to advise investors of the foregoing issues; and (4) as a result, Kraft’s public statements were materially false and misleading at all relevant times.
To learn more about the Kraft Heinz class action go to: http://bespc.com/khc/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.