NEW YORK–(BUSINESS WIRE)–$CAG #conagra—Scott+Scott Attorneys at Law LLP (“Scott+Scott”�), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of Conagra Brands, Inc. (“Conagra”�) (NYSE: CAG) breached their fiduciary duties to Conagra and its shareholders. If you are a Conagra shareholder, you may contact attorney Joe Pettigrew for additional information: 844-818-6982 or [email protected].
Conagra manufactures and markets packaged foods for retail consumers, restaurants, and institutions. Conagra has a portfolio of well-known food brands, including Reddi-wip, Hunt”™s, Healthy Choice, Slim Jim, and Orville Redenbacher”™s.
Scott+Scott is investigating whether certain members of Conagra”™s Board of Directors (the “Board”�) made false and/or misleading statements, as well as failed to disclose material adverse facts, about Conagra”™s business, operations, prospects, and financial health. Specifically, Scott+Scott is investigating whether the Board failed to disclose material information concerning Conagra”™s acquisition of Pinnacle Foods, Inc. (“Pinnacle”�), including whether: (i) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (ii) the performance of Pinnacle”™s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (iii) Pinnacle”™s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (iv) as a result of the foregoing, the Board”™s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
What You Can Do
If you are a Conagra shareholder, you may have legal claims against Conagra”™s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or [email protected].
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.