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CLASS ACTION ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Significant Losses From Investment In Campbell Soup Company (NYSE: CPB) To Contact Brower Piven Before The Lead Plaintiff Deadline

STEVENSON, Md., Oct. 10, 2018 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Campbell Soup Company (CPB) (“Campbell” or the “Company”) securities during the period between August 31, 2017 and May 17, 2018, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until November 27, 2018 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Campbell securities during the Class Period.  Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.  No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Campbell failed to disclose known trends that were negatively impacting the profitability of its Campbell Fresh division.

According to the complaint, following a November 21, 2017 announcement of the decrease of operating earnings and the lowering of 2018 guidance, a February 16, 2018 announcement of operating earnings declining from a loss of $3 million to a loss of $11 million and additional lowering of the 2018 guidance, and a May 18, 2018 announcement that sales in Campbell Fresh only increased by one percent and the CEO was stepping down, the value of Campbell shares declined significantly.

If you have suffered a loss in excess of $100,000 from investment in Campbell securities purchased on or after August 31, 2017 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please contact Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.  If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.  You need take no action at this time to be a member of the class.

CONTACT:  Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616