Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Molson Coors
Brewing Company (“Molson Coors” or “the Company”) (NYSE: TAP)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Investors who purchased the Company's shares between February 14, 2017
and February 11, 2019, inclusive (the ''Class Period''), are encouraged
to contact the firm before April 16, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, 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@example.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Molson Coors did not take proper steps to
reconcile the outside basis deferred income tax liability for the
Company’s investment in the MillerCoors, LLC partnership. This resulted
in the Company misreporting its net income in its financial statements
for the year ending December 31, 2016, and December 31, 2017.
Consequently, the net income for these two years was revised downwards.
Molson Coors lacked effective internal controls on financial reporting.
Based on these facts, the Company’s public statements were false and
materially misleading throughout the class period. When the market
learned the truth about Molson Coors, investors suffered damages.
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
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