Anheuser-Busch InBev SA/NV Securities Fraud Class Action
Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Anheuser-Busch InBev SA/NV (“Anheuser-Busch”) (NYSE: BUD) American Depositary Shares (“ADS”) between March 1, 2018 and October 24, 2018, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Anheuser-Busch’s business, operations and prospects. Specifically, the complaint alleges that: (1) cost-cutting measures the company had put in place had run their course; (2) the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on the company’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; and (6) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Case Status:
On September 29, 2020, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.