Kessler Topaz Meltzer & Check, LLP Reminds Investors of Class Action Lawsuit Against The Boston Beer Company, Inc. (SAM)

RADNOR, PA / ACCESSWIRE / November 13, 2021 / Law firm Kessler Topaz Meltzer & Check, LLP informs investors that a class action lawsuit has been filed against The Boston Beer Company, Inc. (NYSE: SAM) (“Boston Beer”) alleging the company for violating federal securities laws, including Omissions and fraudulent misrepresentations regarding the company’s business, operations, prospects, sales, and financial policies. Boston Beer’s unlawful conduct has caused significant losses to Boston’s investors due to the company’s alleged violations of law.

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CLICK HERE TO SUBMIT YOUR BOSTON BEER LOSSES

CLOSING OF THE APPLICANT: November 15, 2021

COURSE PERIOD: April 22nd, 2021 to September 8th, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS: James Maro, Esq. (484) 270-1453 or toll free (844) 887-9500 or email at [email protected]

BOSTON BEER DISCLOSED MALFUNCTION

Boston Beer is a high-end alcoholic beverage company that makes hard selters, malt beverages, and hard ciders in its cider and under contractual agreements at other brewery locations. April 2021, Boston Beer announced its financial results for the first quarter of 2021 and provided a forecast for full-year earnings per share of 2021 that is estimated at $ 22-26.

The truth emerged on July 22, 2021 when Boston Beer cut its full-year 2021 forecast and expected earnings per share to $ 18-22 after the market closed, stating that it overestimated “the growth of tough” Seltzer Category in the second quarter. “Following this news, Boston Beer stock price fell $ 246.54, or 26%, to close at $ 701.00 per share on July 23, 2021.

Then, on September 8, 2021, after the market closed, Boston Beer withdrew its financial guidance for 2021, stating that it would face “tough Seltzer inventory write-offs, shortfall fees payable to third party brewers, and other costs” for for the remainder of fiscal 2021. Following this news, Boston Beer stock price fell $ 21.09, or 3.7%, to close at $ 538.31 per share on September 9, 2021.

The story goes on

WHAT CAN I DO?

Boston Beer feeders can by November 15, 2021 at the latest, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Boston Beer investors who have suffered significant losses to contact the company directly for more information.

CLICK HERE SIGN IN IN CASE

Who can be a lead plaintiff?

A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. The lead plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has built a worldwide reputation for excellence and reclaimed billions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE: Kessler Topas Meltzer & Check, LLP

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