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LOS ANGELES, Oct. 18, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Boston Beer Company, Inc. ("Boston Beer" or "the Company") (NYSE : SAM) investors that acquired securities between April 22, 2021 and September 8, 2021.
It is alleged in this complaint that throughout the Class Period, Boston Beer failed to disclose to investors: (1) that Boston Beer's sales of hard seltzer were decelerating; (2) that, Boston Beer was reasonably likely to incur inventory write-offs, as a result; (3) that Boston Beer was reasonably likely to incur shortfall fees, which would be payable to third party brewers; (4) that, Boston Beer's financial results would be adversely impacted as a result of the foregoing; and (5) that Boston Beer’s positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis, as a result of the foregoing.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
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