Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Anheuser-Busch InBev SA/NV To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or the “Company”) (NYSE: BUD) of the August 20, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Anheuser-Busch stock or options between March 1, 2018 and October 24, 2018 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who American Depositary Shares (“ADS”), each of which represents one of the Company’s ordinary shares, between March 1, 2018 and October 24, 2018 (the “Class Period”). The case, City of Sterling Heights General Employees' Retirement System v. Anheuser-Busch InBev SA/NV, No. 1:19-cv-05854 was filed on June 21, 2019 and has been assigned to Judge Alvin K. Hellerstein.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and misleading statements and/or failing to disclose adverse information regarding Anheuser-Busch’s business, operations and prospects. Specifically, defendants failed to disclose, among other things, that cost-cutting measures the Company had put in place had run their course; the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on the Company’s margins, EBITDA and profitability; Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; and Anheuser-Busch was at risk of having its credit ratings downgraded. As a result of this information being withheld from the market, the price of Anheuser-Busch ADSs was artificially inflated to as high as $117 per ADS during the Class Period.
On October 25, 2018, the Company reported its financial results for the quarter and nine-month periods ended September 30, 2018, announcing that it had cut its dividend by 50% to “accelerate deleveraging toward our optimal capital structure of around 2x net debt to EBITDA ratio.”
On this news, Anheuser-Busch share price fell from $82.25 per share on October 24, 2018 to $74.54 per share on October 25, 2018—a drop of $7.71 or 9.37%.
Anheuser-Busch InBev SA/NV
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Filed on 06/21/2019
Lead Plaintiff Deadline 08/20/2019
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Richard W. Gonnello firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331