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 info@ktmc.com. 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.