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News  ›  GlobeNewswire Inc.

The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Primo Brands Corporation / Primo Water Corporation(PRMB) Shareholders

GlobeNewswire Inc. Logo GlobeNewswire Inc. By The Gross Law Firm
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Primo Brands Corporation / Primo Water Corporation(PRMB) Shareholders

The Gross Law Firm has filed securities class action lawsuits on behalf of shareholders of Primo Brands Corporation (PRMB), DeFi Technologies (DEFT), and StubHub Holdings (STUB). The primary complaint against Primo Brands alleges that defendants made false statements about merger integration with BlueTriton Brands, concealing technology issues and supply disruptions while claiming execution was 'flawless.' Shareholders have until specified deadlines to register for potential recovery.

Insights
SMR   negative

Plummeted over 30% in five trading sessions after previous 200% year-to-date gains


PRMB   negative

Company faces securities fraud allegations involving false statements about merger integration execution, concealment of technology issues, and supply disruptions that negatively impacted financial results.