Case Background:
This is a federal securities fraud class action lawsuit on behalf of all persons and entities that purchased or otherwise acquired Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or the “Company”) American Depositary Shares (“ADSs”), each of which represents one of the Company’s ordinary shares, between March 1, 2018 and October 24, 2018, both dates inclusive (the “Class Period”).
The complaint alleges that during the Class Period, defendants made materially false and misleading statements and/or failed to disclose adverse information regarding Anheuser-Busch’s business, operations and prospects. Specifically, the complaint alleges that defendants failed to disclose, among other things, that: (1) cost-cutting measures the Company had put in place had run their course; (2) 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) Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; (4) Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; and (5) Anheuser-Busch was at risk of having its credit ratings downgraded. As a result of this information being withheld from the market, the price of Anheuser-Busch ADSs was artificially inflated to as high as $117.06 per ADS during the Class Period.
Case Status:
Lead Plaintiff filed an Amended Complaint on December 12, 2019. Defendants filed a Motion to Dismiss the Amended Complaint on February 20, 2020. On September 29, 2020 the Court issued an Order granting Defendants' Motion to Dismiss. This case has concluded.
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