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MarketScreener Homepage  >  Equities  >  Nyse  >  Molson Coors Brewing    TAP

MOLSON COORS BREWING

(TAP)
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The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Molson Coors Brewing Company and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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02/19/2019 | 11:42am EDT

The 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 Exchange Commission.

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 brian@schallfirm.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.

Join 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 litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2019
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Financials (USD)
Sales 2019 10 613 M
EBIT 2019 1 452 M
Net income 2019 965 M
Debt 2019 8 658 M
Yield 2019 3,79%
P/E ratio 2019 11,6x
P/E ratio 2020 11,6x
EV / Sales2019 1,88x
EV / Sales2020 1,81x
Capitalization 11 261 M
Chart MOLSON COORS BREWING
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Technical analysis trends MOLSON COORS BREWING
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 58,55  $
Last Close Price 51,88  $
Spread / Highest target 40,7%
Spread / Average Target 12,9%
Spread / Lowest Target -15,2%
EPS Revisions
Managers
NameTitle
Mark R. Hunter President, Chief Executive Officer & Director
Peter H. Coors Chairman
Tracey I. Joubert Chief Financial Officer
Andrew Thomas Molson Director
H. Sanford Riley Independent Director
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