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SAM Lawsuit Filed: Jakubowitz Law Pursues Claims on Behalf of the Boston Beer Company, Inc. Shareholders
October 20, 2021 5:02 PM EDT | Source: Jakubowitz Law
New York, New York--(Newsfile Corp. - October 20, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of The Boston Beer Company, Inc. (NYSE: SAM).
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Affected shareholders purchased shares of SAM between April 22, 2021 and September 8, 2021
Shareholders interested in representing the class of wronged shareholders have until November 15, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, The Boston Beer Company, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Boston Beer's hard seltzer sales were decelerating; (2) as a result, Boston Beer was reasonably likely to incur inventory write-offs; (3) the Company was reasonably likely to incur shortfall fees payable to third party brewers; (4) as a result of the foregoing, Boston Beer's financial results would be adversely impacted; and (5) 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.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100399