An investigation on behalf of current long term investors in Conagra Brands, Inc. (NYSE: CAG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2019 -- Certain directors of Conagra Brands, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Conagra Brands, Inc. (NYSE: CAG) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in Conagra Brands, Inc. (NYSE: CAG stocks follows a lawsuit filed against Conagra Brands, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CAG stocks, concerns whether certain Conagra Brands, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Conagra Brands, Inc inadequately performed proper due diligence in connection with the acquisition of Pinnacle, that the performance of Pinnacle Foods' three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps, that Pinnacle's business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales, and that as a result of the foregoing, Defendant's public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
Those who purchased shares of Conagra Brands, Inc. (NYSE: CAG) have certain options and should contact the Shareholders Foundation.
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