There were 741 press releases posted in the last 24 hours and 155,319 in the last 365 days.

KHC CLASS ACTION REMINDER: Hagens Berman Reminds Kraft Heinz (KHC) Investors of Securities Class Action, Encourages Investors to Contact the Firm

SAN FRANCISCO, April 19, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Kraft Heinz Company (NASDAQ: KHC) of the pending securities class action and the April 25, 2019 Lead Plaintiff deadline.  If you purchased or otherwise acquired Kraft Heinz common stock or bonds between July 6, 2015 and February 21, 2019 (the “class period”) and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information about the case or to inquire about serving as Lead Plaintiff click

/EIN News/ -- or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

According to the complaint, during the class period Defendants (a) misled investors about whether Kraft’s Zero Based Budgeting and other cost-saving measures would deliver increased profitability while simultaneously maintaining base business momentum and (b) did not disclose known trends that were negatively impacting Kraft’s organic sales growth and profitability.

On February 21, 2019, Defendants announced disappointing financial results for Q4 and FY 2018 and Kraft recorded impairment charges totaling $15.4 billion to reduce goodwill and intangible assets.

This news drove the price of Kraft shares down $13.23, or down about 27.5%, to close at $34.95 on February 22, 2019.

“We’re focused on investors’ losses, the extent to which Defendants’ statements about impairment analysis and asset values may have misled investors, and possible improper use of side agreements,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding Kraft Heinz should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email

About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country.  The firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes can be found at  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 510-725-3000

Hagens Berman Sobol Shapiro LLP Logo

Distribution channels: Consumer Goods, Law

EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.