An investigation on behalf of current long term investors in Molson Coors Brewing Company (NYSE: TAP) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: TAP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/21/2019 -- Certain directors of Molson Coors Brewing Company are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Molson Coors Brewing Company (NYSE: TAP) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: TAP stocks follows a lawsuit filed against Molson Coors Brewing Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TAP stocks, concerns whether certain Molson Coors Brewing Company directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of Illinois the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Molson Coors Brewing Company failed to properly reconcile the outside basis deferred income tax liability for Molson Coors' investment in its MillerCoors, LLC partnership, that consequently, Molson Coors Brewing Company misreported net income in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an overall downward revision to net income, that Molson Coors Brewing Company lacked adequate internal controls over financial reporting, and that as a result, defendants' statements about Molson Coors' business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Molson Coors Brewing Company (NYSE: TAP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.