Kraft Heinz Company (Nasdaq: KHC) Securities Fraud Class Action Litigation

Case Background:
This is a federal securities class action on behalf of those who purchased or otherwise acquired Kraft Heinz common stock or call options on Kraft Heinz common stock, or sold put options on Kraft Heinz common stock, from November 6, 2015 through August 7, 2019, both dates inclusive (the “Class Period”). 

The complaint alleges that Defendants made materially false or misleading statements and omissions during the Class Period about the sustainability of Kraft Heinz’s cost-cutting measures, its brand investment and operations, Kraft Heinz’s Canadian retail business, its financial performance, and the Kraft Heinz's valuation and testing for impairment of its goodwill and intangible assets. The complaint further alleges that the price of Kraft Heinz’s common stock was artificially inflated as a result of Defendants’ allegedly false or misleading misstatements and omissions, and declined when the truth was revealed, causing damage to Kraft Heinz’s investors, and that also that 3G Capital sold Kraft Heinz common stock on August 7, 2018, while in possession of material nonpublic information. 

Current Status of Case:
On May 11, 2023, the Court issued an Order granting Lead Plaintiff’s Motion for Preliminary Approval of Class Action Settlement and scheduled a Final Settlement Hearing for September 12, 2023.  The Court approved the settlement at the Final Hearing.  This action has concluded. 

The deadline to file a claim is October 10, 2023.  Please note that Kessler Topaz did not file a claim on your behalf.  You may find additional information regarding the terms of the settlement and claim filing process at https://www.kraftheinzsecuritieslitigation.com or by calling JND Legal Administration at 844-798-0760.