Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of Conagra Brands, Inc. investors (Conagra or the Company) (NYSE: CAG) concerning the Company and its officers possible violations of federal securities laws.
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On December 20, 2018, the Company disclosed disappointing financial results for 2Q 2019, including net sales for its recently-acquired Pinnacle segment that were below expectations due to weak performance across a range of significant brands, which resulted in negative scrutiny by analysts, questioning whether Conagra had performed proper due diligence in the transaction. On this news, shares of Conagra fell $2.13 or nearly 9%, to close at 22.15 on December 21, 2018, thereby injuring investors.
If you purchased Conagra stock, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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