LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf investors of Diageo plc ("Diageo" or the "Company") (NYSE: DEO).
The investigation concerns whether the Company violated specific
sections of the Securities Exchange Act of 1934 by issuing materially
misleading information regarding its financial performance, and
allegedly engaging in “channel stuffing.”
Diageo plc manufactures and distributes premium drinks. The company’s
core brands include Johnnie Walker Red Label, Johnnie Walker Black
Label, Crown Royal, Buchanan’s, J&B, Baileys, Smirnoff, Captain Morgan,
Guinness, Shui Jing Fang, and Yenì Raki. On July 23, 2015, The Wall
Street Journal reported that the Securities and Exchange Commission is
investigating whether Diageo has been shipping excess inventory to
distributors in an effort to boost the liquor company's results. On this
news, shares of Diageo fell $4.75 per share, or more than 3.90%, to
close at $114.91 on July 23, 2015.
If you purchased Diageo shares, have information or would like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Casey Sadler of GPM, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150729006416/en/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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