NEW YORK, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of investors in The Boston Beer Company, Inc., The Honest Company, Inc., and AppHarvest, Inc. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.
The Boston Beer Company, Inc. (“Boston Beer” or the “Company”) (NYSE: SAM)
Class Period: April 22, 2021 to September 8, 2021
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: November 15, 2021
The lawsuit alleges throughout the Class Period, Defendants failed to disclose to investors: (1) that Boston Beer’s hard seltzer sales were decelerating; (2) that, as a result, Boston Beer was reasonably likely to incur inventory write-offs; (3) that the Company was reasonably likely to incur shortfall fees payable to third-party brewers; and (4) that, as a result of the foregoing, Boston Beer’s financial results would be adversely impacted.
For additional information on the Boston Beer lawsuit please visit this website.
The Honest Company, Inc. (“Honest” or the “Company”) (NASDAQ: HNST)
Class Period: May 3, 2021 to September 15, 2021
Pending Court: U.S. District Court for the Central District of California
Lead Plaintiff Deadline: November 15, 2021
The lawsuit alleges that the Registration Statement for the Company’s May 2021 IPO was materially false and misleading and omitted: (1) that, prior to the IPO, the Company’s results had been significantly impacted by a multimillion-dollar COVID-19 stock-up for products in the Diapers and Wipes category and Household and Wellness category; (2) that, at the time of the IPO, the Company was experiencing decelerating demand for such products; and (3) that, as a result, the Company’s financial results would likely be adversely impacted.
For additional information on the Honest lawsuit please visit this website.
AppHarvest, Inc. (“AppHarvest” or the “Company”) (NASDAQ: APPH)
Class Period: May 17, 2021 to August 10, 2021
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: November 23, 2021
The lawsuit alleges throughout the Class Period, Defendants failed to disclose to investors: (1) that AppHarvest lacked sufficient training for its recently expanded labor force; (2) that, as a result, the Company could not produce Grade No. 1 tomatoes consistently; and (3) that, as a result, the Company’s financial results would be adversely impacted.
For additional information on the AppHarvest lawsuit please visit this website.
About Kirby McInerney LLP:
Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
(212) 371-6600
investigations@kmllp.com
www.kmllp.com
