Overview

A class action lawsuit has been filed against Constellation Brands, Inc. (“Constellation” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s s common stock traded on the New York Stock Exchange under the symbol “STZ.”

The Constellation class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Constellation’s securities between April 11, 2024, and January 8, 2025, both dates inclusive (the “Class Period”).

Constellation, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.  The Company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies.

The Constellation class action lawsuit alleges that Defendants provided investors with material information concerning Constellation’s full year 2024 fiscal results and financial outlook for 2025.  The outlook for 2025 depended upon Defendants’ efforts to improve product mix, inventory, and sales execution in its Wine and Spirits business, specifically focusing efforts within its premium and above brands to drive more consistent growth.  These efforts also included investments in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners.

Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning Constellation’s ability to deliver increased profitability, specifically in its Wine and Spirits division.  This caused Plaintiff and other shareholders to purchase Constellation’s securities at artificially inflated prices.

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If you purchased or otherwise acquired Constellation’s securities between April 11, 2024, to January 8, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Constellation class action lawsuit is April 21, 2025.