October 16, 2020
An Illinois federal judge on Thursday tossed a putative class action alleging packaged food company Conagra Brands Inc. misled shareholders about Pinnacle Foods' financial state at the time Conagra bought the competing food company for nearly $11 billion.
November 05, 2019
Conagra shareholders have told an Illinois federal court that the company can't end a stock-drop suit over its $10.9 billion acquisition of Pinnacle Foods Inc., because internal records show the food giant knew Pinnacle was suffering from "lackluster innovation" that hurt sales before acquiring it.