Conagra defends securities and derivative litigation arising from merger with Pinnacle Foods
Clients Conagra Brands, Inc.
Jones Day is defending Conagra Brands, Inc. and its officers and directors in a securities class action and several shareholder derivative actions. The plaintiffs claim that the defendants made misleadingly optimistic statements about the expected synergies from Conagra's merger with Pinnacle Foods in 2018, resulting in a stock price decline when Conagra announced disappointing results in the first quarter following the closing of the merger.
West Palm Beach Firefighters' Pension Fund v. Conagra Brands, Inc., et al, No. 1-19-cv-01323 (N.D. Ill.)