Recent Security Class Actions

The Kraft Heinz Company Common Stock (NASDAQ: KHC)

Company Name:The Kraft Heinz Company Common Stock
Stock Symbol:NASDAQ: KHC
Class Period Start:11/06/2015
Class Period End (inclusive):08/07/2019
Filing Deadline:04/25/2019

According to the Complaint, the Kraft Heinz Company ("Kraft" or the "Company") manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally.

The Complaint alleges that during 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.