Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Conagra Brands, Inc.

Law Offices of Howard G. Smith reminds investors of the upcoming April 23, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of Conagra Brands, Inc. (“Conagra” or the “Company”) (NYSE: CAG) investors who: a) purchased or otherwise acquired Conagra common stock between June 27, 2018 and December 19, 2018, inclusive (the “Class Period”); and/or b) purchased Conagra common stock pursuant and/or traceable to the Company’s secondary public offering commenced on or about October 9, 2018 (“SPO”). Conagra investors have until April 23, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Conagra investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On December 20, 2018, the Company disclosed disappointing financial results for 2Q 2019, including net sales for its recently-acquired Pinnacle Foods, Inc. (“Pinnacle”) that were “below expectations due to weak performance across a range of significant brands,” which resulted in negative scrutiny by analysts, questioning whether Conagra had performed proper due diligence in the transaction.

On this news, shares of Conagra fell $2.13 or nearly 9%, to close at $22.15 on December 21, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (2) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (3) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (4) as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis when made.

If you purchased shares of Conagra during the Class Period you may move the Court no later than April 23, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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