Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Conagra Brands, Inc.

Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the April
23, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of Conagra Brands, Inc. (“Conagra” or the
“Company”) (NYSE: CAG)
investors who: a) purchased or otherwise acquired Conagra common stock
between June 27, 2018 and December 19, 2018,
inclusive (the “Class Period”); and/or b) purchased Conagra common stock
pursuant and/or traceable to the Company’s secondary public offering
commenced on or about October 9, 2018 (“SPO”). Conagra investors have
until April 23, 2019 to file a lead plaintiff motion.

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 [email protected],
or visit our website at www.glancylaw.com.

On December 20, 2018, the Company disclosed disappointing financial
results for 2Q 2019, including net sales for its recently-acquired
Pinnacle Foods, Inc. (“Pinnacle”) 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.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (1) Conagra inadequately performed proper due
diligence in connection with the acquisition of Pinnacle; (2) the
performance of Pinnacle’s three leading brands was not deteriorating due
to intensified competition, but to self-inflicted subpar innovation and
executional missteps; (3) Pinnacle’s business was performing so poorly
that it had resorted to pushing promotional deals to retailers in an
effort to boost sales; and (4) as a result of the foregoing, Defendant’s
public statements were materially false and/or misleading and/or lacked
a reasonable basis when made.

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

If you purchased or otherwise acquired Conagra securities during the
Class Period you may move the Court no later than April 23, 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 [email protected],
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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190419005176/en/