BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Conagra Brands, Inc. investors (“Conagra” or the “Company”) (NYSE: CAG) concerning the Company and its officers’ possible violations of federal securities laws.
On December 20, 2018, the Company disclosed disappointing financial results for 2Q 2019, including net sales for its recently-acquired Pinnacle segment that were “below expectations due to weak performance across a range of significant brands,” which resulted in negative scrutiny by analysts, questioning whether Conagra had performed proper due diligence in the transaction. On this news, shares of Conagra fell $2.13 or nearly 9%, to close at 22.15 on December 21, 2018, thereby injuring investors.
If you purchased Conagra securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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