According to the Complaint, Molson Coors manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Molson Coors failed to properly reconcile the outside basis deferred income tax liability for Molson Coors’ investment in its MillerCoors, LLC partnership; (2) consequently, Molson Coors misreported net income in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an overall downward revision to net income; (3) Molson Coors lacked adequate internal controls over financial reporting; and (4) as a result, Defendants’ statements about Molson Coors’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On May 24, 2019, this case was transferred to the Northern District of Colorado under Docket 19-CV-01665. On July 26, 2019, Plaintiff voluntarily dismissed this case. A related case continues under Docket 19-CV-00455.

On October 3, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on December 10, 2019. Defendants filed a Motion to Dismiss the amended Complaint on January 23, 2020. On December 2, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice.