Securities Class Action Filed on Behalf of Persons or Entities That Traded Common Stock of the Kraft Heinz Company or Certain Related Derivatives During the Period July 6, 2016 Through February 21, 2019, Inclusive

The case was filed in the United States District Court for the Northern District of Illinois, Case No.

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Friday, May 3, 2019
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Professional services, Legal, Food and drink, Companies, Food industry, Northfield, Illinois, American brands, Berkshire Hathaway, H. J. Heinz Company, Kraft Foods, NASDAQ, Kraft Heinz, Securities Class Action, Heinz, Professional services, Legal
Geotags: 
United States, Illinois, NEW YORK, United States, Illinois, NEW YORK
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Summary
Key Points: 
  • The case was filed in the United States District Court for the Northern District of Illinois, Case No.
  • 1:19-cv-02807, against Kraft Heinz and related defendants (collectively, Defendants).
  • On May 1, 2019, the Honorable Judge Robert M. Dow, Jr. set a briefing schedule for the appointment of lead plaintiff.
  • Entwistle & Cappucci is a national law firm providing exceptional legal representation to clients globally in the most complex and challenging legal matters.


Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads: 

SECURITIES CLASS ACTION FILED ON BEHALF OF PERSONS OR ENTITIES THAT
TRANSACTED IN OPTIONS OF THE KRAFT HEINZ COMPANY OR CERTAIN RELATED
DERIVATIVES DURING THE PERIOD JULY 6, 2015 THROUGH FEBRUARY 21, 2019,
INCLUSIVE

Entwistle & Cappucci LLP (“Entwistle & Cappucci”) announced it has filed
a securities class action lawsuit on behalf of persons or entities that
purchased call options, sold put options and/or purchased futures of
Kraft Heinz Company (“Kraft Heinz” or the “Company”) during the period
July 6, 2015 through February 21, 2019, inclusive (the “Class Period”).
The case was filed in the United States District Court for the Northern
District of Illinois, Case No. 1:19-cv-02807, against Kraft Heinz and
related defendants (collectively, “Defendants”).

The complaint alleges that, during the Class Period, the Defendants made
materially false and misleading statements and failed to disclose
material adverse facts concerning the Company’s business prospects,
accounting practices and the value of its brands. The subject
misstatements were corrected by a series of partial disclosures, the
most recent of which was the February 21, 2019 announcement that the
Company would be taking a $15.4 billion goodwill impairment.

On May 1, 2019, the Honorable Judge Robert M. Dow, Jr. set a briefing
schedule for the appointment of lead plaintiff. Response/position briefs
are due on May 15, 2019 and reply briefs are due on May 22, 2019.

If you wish to discuss this Action or have any questions concerning this
notice or your rights or interests, please contact: Andrew J. Entwistle,
Esq. of Entwistle & Cappucci at (512) 710-5960 or via e-mail at [email protected];
or Robert N. Cappucci, Esq. of Entwistle & Cappucci at (212) 894-7200 or
via e-mail at [email protected].

About Entwistle & Cappucci

Entwistle & Cappucci is a national law firm providing exceptional legal
representation to clients globally in the most complex and challenging
legal matters. Our practice encompasses all areas of litigation,
including securities, antitrust, corporate transactions, general
corporate and commercial, creditor’s rights and bankruptcy, corporate
governance and fiduciary duty, government affairs, insurance,
investigations and white collar defense. Our clients include public and
private corporations, major hedge funds, public pension funds,
governmental entities, leading institutional investors, domestic and
foreign financial services companies, emerging business enterprises and
individual entrepreneurs.

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