Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against The Kraft Heinz Company

Glancy Prongay & Murray LLP (GPM) reminds investors of the April 25, 2019deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired The Kraft Heinz Company (Kraft or the Company) (NASDAQ: KHC ) securities betweenJuly 6, 2015 and February 21, 2019, inclusive (the Class Period).

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Key Points: 
  • Glancy Prongay & Murray LLP (GPM) reminds investors of the April 25, 2019deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired The Kraft Heinz Company (Kraft or the Company) (NASDAQ: KHC ) securities betweenJuly 6, 2015 and February 21, 2019, inclusive (the Class Period).
  • Kraft investors have untilApril 25, 2019to file a lead plaintiff motion in this class action.
  • If you are a shareholder who suffered a loss, click here to participate.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.


Glancy
Prongay & Murray LLP
(“GPM”) reminds investors of the April
25, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who acquired The Kraft Heinz Company
(“Kraft” or the “Company”) (NASDAQ: KHC)
securities between July 6, 2015 and February 21, 2019,
inclusive (the “Class Period”). Kraft investors have until April
25, 2019 
to file a lead plaintiff motion in this class action.

If you are a shareholder who suffered a loss, click here to
participate.

If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.

On February 21, 2019, the Company announced that it received a subpoena
from the Securities and Exchange Commission in October regarding its
“accounting policies, procedures, and internal controls related to its
procurement function, including, but not limited to, agreements, side
agreements, and changes or modifications to its agreements with its
vendors.” On this news, Kraft’s share price fell significantly, thereby
injuring investors.

The complaint filed in this class action alleges that defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Kraft’s internal controls, specifically with respect to its procurement
area, were inadequate; (2) Kraft would be forced to write down a
significant amount of goodwill and certain intangible assets in its
Kraft natural cheese business, its Oscar Mayer cold cuts business, and
its Canada retail business due to supply chain issues; (3) Kraft failed
to advise investors of the foregoing issues; and (4) as a result,
Kraft’s public statements were materially false and misleading at all
relevant times.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased or otherwise acquired Kraft securities during the Class
Period you may move the Court no later than April 25, 2019 to
request appointment as lead plaintiff in this putative class action
lawsuit. To be a member of the class action you need not take any action
at this time; you may retain counsel of your choice or take no action
and remain an absent member of the class action. If you wish to learn
more about this class action, or if you have any questions concerning
this announcement or your rights or interests with respect to the
pending class action lawsuit, please contact Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.