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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Anheuser-Busch InBev SA/NV Investors
[June 26, 2019]

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Anheuser-Busch InBev SA/NV Investors


Glancy Prongay & Murray LLP ("GPM"), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that acquired Anheuser-Busch InBev SA/NV ("Anheuser-Busch" or the "Company") (NYSE: BUD) American Depository Shares ("ADS") between March 1, 2018 and October 24, 2018, inclusive (the "Class Period"). Anheuser-Busch investors have until August 20, 2019 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected], or visit our website at www.glancylaw.com.

On October 25, 2018, the Company cut its dividend by 50% to "accelerate deleveraging toward [its] optimalcapital structure of around 2x net debt to EBITDA ratio." During a conference call on this same day with investors and analysts, the Company's Chief Financial and Solutions Officer reaffirmed the need to cut the dividend due to "currency volatility."



On this news, the Company's ADS price fell $7.71, or more than 9%, to close at $74.54 on October 25, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Defendants' cost cutting measures had largely run their course; (2) that the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on the Company's margins, EBITDA and profitability; (3) that Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; (4) that Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; (5) that Anheuser-Busch was at risk of having its credit ratings downgraded; (6) that, as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company's dividend growth, its cost synergies, its liquidity, and Defendants' then current efforts to deleverage Anheuser-Busch's balance sheet; (7) that the liquidity and working capital disclosures in filings Anheuser-Busch made with the SEC (News - Alert) were materially false and misleading; (8) that the risk factor disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading; (9) that the representations about Anheuser-Busch's disclosure controls in filings the Company made with the SEC were materially false and misleading; (10) that the certifications issued by its Chief Executive Officer and its Chief Financial and Solutions Officer on Anheuser-Busch's disclosure controls and internal controls over financial reporting were materially false and misleading; and (11) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.


Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP.

If you purchased shares of Anheuser-Busch during the Class Period you may move the Court no later than August 20, 2019 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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