April 26, 2019
Several law firms jockeyed for the position of lead counsel and for their respective clients to be named lead plaintiff in a putative class action in Pennsylvania federal court accusing Kraft Heinz Co. of securities fraud following a $16 billion stock drop.
February 27, 2019
Kraft Heinz's misleading statements to shareholders regarding an impairment charge and a U.S. Securities and Exchange Commission investigation into the company caused a $16 billion drop in share price, an investor said Monday in a proposed class action.