LOS ANGELES–(COMMERCIAL THREAD) –Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against The Boston Beer Company, Inc. (“Boston Beer” or “the Company”) (NYSE: SAT) for violations of §§10 (b) and 20 (a) of the Securities Exchange Act of 1934 and rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 22, 2021 and September 8, 2021 inclusive (the “Recourse Period”), are encouraged to contact the Company before November 15, 2021.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Boston Beer was suffering from the slowdown in sales of its seltzer water products. The Company was susceptible to write-offs of inventory. The Company was also reasonably likely to be forced to pay shortfall fees to third party brewers. Based on these facts, the Company’s public statements were false and misleading throughout the Class Period. When the market learned the truth about Boston Beer, investors suffered damage.
Join the case to recoup your losses.
The Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.