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Case Status:    ONGOING    
On or around 09/03/2019 (Ongoing date of last review)

Filing Date: February 22, 2019

According to the Complaint, Conagra is a branded consumer packaged goods food company that operates in many sectors of the food industry, with a focus on the sale of branded, private branded, and value-added consumer food, as well as foodservice items and ingredients.

The Complaint alleges that throughout the Class Period, including in the registration statement and prospectus issued in connection with the secondary public offering commenced on or about October 9, 2018, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about Conagra’s business, operations, prospects and financial health. Specifically, Defendants failed to disclose material information concerning Conagra’s acquisition of Pinnacle Foods, Inc., including that: (i) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (ii) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (iii) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (iv) as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.

On April 29, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on July 1.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CAG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 19-CV-01323
JUDGE: Hon. Edmond E. Chang
DATE FILED: 02/22/2019
CLASS PERIOD START: 06/27/2018
CLASS PERIOD END: 12/19/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (Chicago)
  2. Saxena White PA (Boca Raton)
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 19-CV-01323
JUDGE: Hon. Edmond E. Chang
DATE FILED: 07/01/2019
CLASS PERIOD START: 06/27/2018
CLASS PERIOD END: 12/19/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Christiansen & Dehner, P.A.
    63 Sarasota Center Blvd., Suite 107 , Christiansen & Dehner, P.A., FL 34240
    941.377.2200 941.377.4848 ·
  2. O'Donoghue & O'Donoghue LLP
    4748 Wisconsin Avenue, N.W., O'Donoghue & O'Donoghue LLP, DC 20016
    (202) 362-0041 (202) 362-2640 ·
  3. Robbins Geller Rudman & Dowd LLP (San Diego)
    655 West Broadway, Suite 1900, Robbins Geller Rudman & Dowd LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  4. VanOverbeke Michaud & Timmony, P.C.
    79 Alfred Street, VanOverbeke Michaud & Timmony, P.C., MI 48201
    313.578.1200 313.578.1200 ·
No Document Title Filing Date
—Related District Court Filings Data is not available