Anheuser-Busch InBev SA/NV : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:Anheuser-Busch Inbev SA
Date Filed:June 21st, 2019
Sector:Consumer Non-Durables
Industry:Beverages (Production/Distribution)
Class Start Date:March 1st, 2018
Class End Date:October 24th, 2018

According to the Complaint, Anheuser-Busch is engaged in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide.

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 cost-cutting measures the Company had put in place had run their course; 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; Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; and 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 per ADS during the Class Period.

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First Identified Complaint

City of Sterling Heights General Employees' Retirement System, et al. v. Anheuser-Busch InBev SA/NV, et al.

Date Filed:June 21st, 2019
Class Period Start:March 1st, 2018
Class Period End:October 24th, 2018
First Identified Complaint Filings
#Document TitleFiling Date