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Class Action Update - ASNA, BUD & TEVA - Bronstein, Gewirtz & Grossman, LLC

NEW YORK, NY / ACCESSWIRE / July 17, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Ascena Retail Group, Inc. (ASNA)

Class Period: September 16, 2015 - June 8, 2017

Deadline: August 6, 2019
For more info:www.bgandg.com/asna

The lawsuit alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Ascena’s acquisition of ANN, Inc., the parent company of Ann Taylor and LOFT, was a complete disaster for the Company as ANN’s operations were in far worse condition than had been represented to the public; (2) to mask the true condition of ANN, defendants improperly delayed recognizing an impairment charge to the value of ANN’s goodwill and, as a result, Ascena’s reported income and assets were materially overstated and the Company’s financial results were not prepared in conformity with GAAP; (3) many of the brands acquired in the ANN acquisition were in steep decline and were also materially overvalued on Ascena’s Class Period financial statement; and (4) as a result, defendants’ positive statements about Ascena’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Anheuser-Busch InBev SA/NV(NYSE: BUD)

Class Period: March 1, 2018 - October 24, 2018

Deadline: August 20, 2019
For more info:
www.bgandg.com/bud

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants’ cost cutting measures had largely run their course; (2) the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on Anheuser-Busch’s margins, EBITDA and profitability; (3) Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; (4) Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; (5) Anheuser-Busch was at risk of having its credit ratings downgraded; (6) as a result, defendants lacked a reasonable basis for their positive statements about the Company’s dividend growth, its cost synergies, its liquidity, and defendants’ then current efforts to deleverage Anheuser-Busch’s balance sheet; (7) the liquidity and working capital disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading; (8) the risk factor disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading; (9) the representations about Anheuser-Busch’s disclosure controls in filings the Company made with the SEC were materially false and misleading; (10) the certifications issued by Defendants Carlos Brito and Felipe Dutra regarding Anheuser-Busch’s disclosure controls and internal controls over financial reporting were materially false and misleading; and (11) based on the foregoing, defendants lacked a reasonable basis for their positive statements about Anheuser-Busch’s then-current business operations and future financial prospects.

Teva Pharmaceutical Industries Ltd.(NYSE: TEVA)

Class Period: August 4, 2017 - May 10, 2019

Deadline: August 20, 2019
For more info:
www.bgandg.com/teva

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to its public denials, Teva had in fact engaged in a vast, industry-wide price-fixing scheme and other collusive misconduct since at least 2012; (2) Teva was not only a participant, but the company at the heart of the anticompetitive scheme; and (3) several Teva employees had such deep involvement in the scheme that they would ultimately be named personally as defendants in a sweeping civil enforcement action filed by the AGs of virtually every state in the nation.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/551552/Class-Action-Update--ASNA-BUD-TEVA--Bronstein-Gewirtz-Grossman-LLC