SAM ALERT - Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating The Boston Beer Company, Inc. (NYSE: SAM) for Potential Securities Violations and Breach of Fiduciary Duty

Topic:

NEW YORK, NY / ACCESSWIRE / September 9, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against The Boston Beer Company, Inc. ("Boston Beer" or the "Company") (NYSE:SAM).

Labaton Sucharow LLP, Thursday, September 9, 2021, Press release picture

On September 8, 2021, after the market closed, Boston Beer announced that it was withdrawing its 2021 financial guidance issued on July 22, 2021 as a result of a decrease in demand for its hard seltzer products. The Company further disclosed that it expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs associated with the drop in demand during the remainder of fiscal year 2021.

On this news, Boston Beer's share price fell approximately 10% during after-hours trading on September 8, 2021, thereby injuring investors.

If you currently own stock or options of The Boston Beer Company, Inc. and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

CONTACT:

David J. Schwartz
(800) 321-0476
[email protected]

SOURCE: Labaton Sucharow LLP

Topic:

Lawsuits

Back to Newsroom