Law Offices of Howard G. Smith announces an investigation on behalf of Campbell Soup Company investors (Campbell or the Company) (NYSE: CPB) concerning the Company and its officers possible violations of federal securities laws.
On May 18, 2018, Campbell announced unsatisfactory financial results for the third quarter, including a $19 million loss for the Campbell Fresh division in the third quarter fiscal 2018, forcing the company to take a $619 million pre-tax non-cash impairment charge for the division and to further revise its fiscal year 2018 earnings guidance. Furthermore, Campbell announced that Denise Morrison was resigning as Chief Executive Officer of the company.
On this news, shares of Campbell fell over 12%, to close at $34.37 per share on May 18, 2018, thereby injuring investors.
If you purchased Campbell securities, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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