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Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of McCormick & Company investors ("McCormick" or the "Company") (NYSE:MKC) concerning the Company and its officers' possible violations of federal securities laws.
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On January 24, 2019, the Company reported that "trade inventory reductions resulted in significant out-of-stock situations on high-margin quality items," which negatively impacted its financial results. On this news, the Company's share price fell $14.65 per share, or over 10%, to close at $124.35 per share on January 24, 2019, thereby injuring investors.
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If you purchased McCormick stock, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190212005924/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.