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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 20, 2019 to file lead plaintiff applications in a securities class action lawsuit against Anheuser-Busch InBev SA/NV (NYSE: BUD).
Anheuser-Busch and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 25, 2018, the Company disclosed its Q3 and 9 months 2018 results, revealing that it had slashed dividends by 50% to “accelerate deleveraging toward our optimal capital structure of around a 2x net debt to EBITDA ratio” contradicting prior positive statements made by the Company regarding its deleveraging outlook and financial condition.
On this news, the price of Anheuser-Busch’s ADS declined approximately 9.5%.
If you purchased ADS of Anheuser-Busch and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is City of Sterling Heights General Employees’ Retirement System v. Anheuser-Busch Inbev, 19-cv-5854. Click here to read the case complaint.