LOS ANGELES–(BUSINESS WIRE)–$SAM #CLASSACTION—Glancy Prongay & Murray LLP (“GPM”), a national investor rights law firm, continues its investigation on behalf of The Boston Beer Company, Inc. (“Boston Beer” or the “Company”) (NYSE: SAM) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your Boston Beer investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, 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 firstname.lastname@example.org to learn more about your rights.
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 $21.09, or over 3.77%, to close at $538.31 per share on September 9, 2021, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Boston Beer should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email email@example.com.
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