Anheuser-Busch InBev SA/NV (NYSE: BUD)

Join This Class Action

Contact: 

Wolf Haldenstein Adler Freeman & Herz LLP

Kevin Cooper, Esq.

Gregory Stone, Director of Case and Financial Analysis

Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com

Tel: (800) 575-0735 or (212) 545-4774

 

NEW YORK, NY – June 18, 2019 – Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased the American Depositary Receipts (“ADR’s”) of Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or the “Company”) (NYSE: BUD) from March 1, 2018 through October 24, 2018, inclusive (the “Class Period”).

Investors who purchased the ADR’s of Anheuser-Busch InBev SA/NV   are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.  

If you have incurred losses in the ADR’s of Anheuser-Busch InBev SA/NV,  you may, no later than August 20, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Anheuser-Busch InBev SA/NV.

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According to the filed complaint defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • defendants’ cost cutting measures had largely run their course;
  • the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on Anheuser-Busch’s margins, EBITDA and profitability;
  • Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets;
  • Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets;
  • Anheuser-Busch was at risk of having its credit ratings downgraded;
  • as a result, defendants lacked a reasonable basis for their positive statements about the Company’s dividend growth, its cost synergies, its liquidity, and defendants’ then current efforts to deleverage Anheuser-Busch’s balance sheet;
  • the liquidity and working capital disclosures in filings Anheuser-Busch made with the United States Securities and Exchange Commission (“SEC”) were materially false and misleading;
  • the risk factor disclosures in filings Anheuser-Busch made with the SEC were materially false and misleading;
  • the representations about Anheuser-Busch’s disclosure controls in filings the Company made with the SEC were materially false and misleading;
  • the certifications issued by Defendants Carlos Brito and Felipe Dutra regarding Anheuser-Busch’s disclosure controls and internal controls over financial reporting were materially false and misleading; and
  • based on the foregoing, defendants lacked a reasonable basis for their positive statements about Anheuser-Busch’s then-current business operations and future financial prospects.

On October 25, 2018, the Company cut its dividend by 50% to “accelerate deleveraging toward [its] optimal capital structure of around 2x net debt to EBIDTA ratio.” During a conference call on this same day with investors and analysts, the Company’s Chief Financial and Solutions Officer reaffirmed the
need to cut the dividend due to “currency volatility.”On this news, the Company’s ADR price fell $7.71, or more than 9%, to close at $74.54 on October 25, 2018.

Wolf Haldenstein Adler Freeman & Herz LLP  has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at classmember@whafh.com.

 

 


Certification and Authorization Pursuant to Federal Securities Laws

  • The individual or entity listed below authorizes and, upon execution of the accompanying retainer agreement by Wolf Haldenstein Adler Freeman & Herz LLP, retains Wolf Haldenstein Adler Freeman & Herz LLP to file an action under the federal securities laws to recover damages and to seek other relief against Anheuser-Busch InBev SA/NV (NYSE: BUD). Wolf Haldenstein Adler Freeman & Herz LLP will prosecute the action on a contingent fee basis and will advance all costs and expenses. The Anheuser-Busch InBev SA/NV (NYSE: BUD) Retention Agreement provided to the Plaintiff is incorporated by reference, upon execution by Wolf Haldenstein Adler Freeman & Herz LLP.

  • I, individually or on behalf of the entity I represent ("I"), hereby certify as follows:

    1. I have reviewed the complaint and authorize the filing of a lead plaintiff motion or action on my behalf.
    2. I did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal securities laws.
    3. I am willing to serve as a representative party on behalf of a class, including providing testimony at deposition and trial, if necessary.
    4. I represent and warrant that I am fully authorized to enter into and execute this certification.
    5. I will not accept any payment for serving as a representative party on behalf of the class beyond my pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    6. I have made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Type of SecurityBuy Date (mm/dd/yy)# of SharesPrice per Share 
    Add a new row
  • Type of SecuritySell Date (mm/dd/yy)# of SharesPrice per Share 
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  • Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 07/23/2019