SAM Investors Have Opportunity to Lead The Boston Beer Company, Inc. Securities Fraud Lawsuit

Published: Oct. 4, 2021 at 11:00 AM CDT|Updated: Oct. 29, 2021 at 2:21 PM CDT

LOS ANGELES, Oct. 29, 2021 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against The Boston Beer Company, Inc. ("Boston Beer" or the "Company") (NYSE: SAM).

(PRNewsfoto/Glancy Prongay & Murray LLP)
(PRNewsfoto/Glancy Prongay & Murray LLP)

Class Period: April 22, 2021 - September 8, 2021
Lead Plaintiff Deadline: November 15, 2021

If you wish to serve as lead plaintiff of the Boston Beer lawsuit, you can submit your contact information at https://www.glancylaw.com/cases/the-boston-beer-company-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that Boston Beer's hard seltzer sales were decelerating; (2) that, as a result, Boston Beer was reasonably likely to incur inventory write-offs; (3) that the Company was reasonably likely to incur shortfall fees payable to third party brewers; (4) that, as a result of the foregoing, Boston Beer's financial results would be adversely impacted; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, 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 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.

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