NASDAQ: KHC Investor Notice: Update in Lawsuit against The Kraft Heinz Company announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / March 10, 2020 / The Shareholders Foundation, Inc. announces that a that a lawsuit is pending for certain investors in Kraft Heinz Company (NASDAQ:KHC) shares.

Investors, who purchased shares of The Kraft Heinz Company (NASDAQ: KHC) in May 2017 or earlier and continue to hold any of your NASDAQ: KHC shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

On February 24, 2019, a lawsuit was filed against The Kraft Heinz Company over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Kraft Heinz Company's internal controls, specifically with respect to its procurement area, were inadequate, that Kraft Heinz Company would be forced to write down a significant amount of goodwill and certain intangible assets in its Kraft natural cheese business, its Oscar Mayer cold cuts business, and its Canada retail business due to supply chain issues, that Kraft Heinz Company failed to advise investors of the foregoing issues, and that as a result, Kraft's public statements were materially false and misleading at all relevant times.

ON January 6, 2020, a consolidated complaint was filed and on March 6, 2020, the defendants filed their motion to dismiss the case.

Those who purchased The Kraft Heinz Company (NASDAQ: KHC) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 579902