NEWTOWN SQUARE, Pa., March 27, 2019 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Molson Coors Brewing Company (NYSE: TAP) (“Molson Coors” or the “Company”) on behalf of investors who purchased shares of the Company’s common stock between February 14, 2017 and February 12, 2019, inclusive (the “Class Period”).
Molson Coors investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or via http://kaskelalaw.com/case/molson-coors/, to discuss their legal rights and options with respect to this action.
The shareholder class action complaint alleges, among other things, that Molson Coors and certain of the Company’s executive officers made materially false and misleading statements to investors about the Company’s financial results.
On February 12, 2019, Molson Coors disclosed that its Audit Committee “concluded that the Company’s previously issued consolidated financial statements as of and for the years ended December 31, 2017 and December 31, 2016 should be restated and no longer be relied upon.” Following this news, shares of the Company’s common stock fell $6.17 per share, or 9.5% in value, to close on February 12, 2019 at $59.19, on heavy trading volume.
IMPORTANT DEADLINE: Investors who purchased Molson Coors’ common stock during the Class Period may, no later than April 16, 2019, seek to be appointed as a lead plaintiff representative of the investor class.
Molson Coors investors – including long-term stockholders – are encouraged to contact Kaskela Law LLC to discuss this action and their legal rights and options. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com