Securities Fraud Investigation Into Brown-Forman Corporation (BF.A, BF.B) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Brown-Forman Corporation ('Brown-Forman' or the 'Company') (NYSE: BF.A, BF.B) investors concerning the Company's possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON BROWN-FORMAN CORPORATION (BF.A, BF.B) CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On June 5, 2025, Brown-Forman reported financial results for its fourth quarter and full year 2025. Amongst other things, the Company reported 'net sales decreased 7% to $894 million,' 'reported operating income decreased 45%,' and 'diluted earnings per share decreased 45%.' The Company stated that 'results did not meet our long-term growth aspirations.' The Company further stated that, in fiscal year 2026, it would 'expect continued headwinds' including declines in organic net sales and operating income, as the Company undergoes a 'significant evolution of [its] U.S. distribution.'
On this news, Brown-Forman's stock price fell $5.95, or 17.92%, to close at $27.25 on June 5, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Brown-Forman 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 shareholders@glancylaw.com.
About Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.
With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
43 minutes ago
- Yahoo
Announcement by Gerdau S.A. of Results of Cash Tender Offer for Any and All Outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc.
SíO PAULO, June 9, 2025 /PRNewswire/ -- Gerdau S.A. ("Gerdau") (NYSE: GGB) announces the expiration of its previously announced offer to purchase for cash any and all of the outstanding 4.875% notes due 2027 (the "Notes") issued by Gerdau Trade Inc. ("Gerdau Trade"), fully, unconditionally and irrevocably guaranteed by Gerdau (by itself and as successor in interest of Gerdau Aços Especiais S.A.), Gerdau Açominas S.A. and Gerdau Aços Longos S.A. (together, the "Guarantors") (the "Offer"). The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase dated June 3, 2025 (the "Offer to Purchase") relating to the Notes and the accompanying notice of guaranteed delivery. Information regarding the Notes and the results of the Offer is summarized in the following table: Title of Security CUSIP / ISIN Principal Amount Outstanding Principal Amount Tendered(1) Principal Amount Outstanding Following the Settlement Date(1) Consideration(2) 4.875% Notes due 2027 G3925DAD2 / USG3925DAD24 37373WAD2 / US37373WAD20 US$418,244,000 US$237,646,000 US$180,598,000 US$1,007.83__________________ (1) Does not take into account US$200,000 principal amount of Notes tendered pursuant to the Guaranteed Delivery Procedures (as defined in the Offer to Purchase), which remain subject to the holders' performance of the delivery requirements under such Guaranteed Delivery Procedures. (2) Per US$1,000 principal amount of Notes validly tendered and accepted for purchase, based on the Fixed Spread (as defined in the Offer to Purchase) plus the yield calculated to the maturity date for the Notes, based on the bid-side price of the Reference U.S. Treasury Security (as defined in the Offer to Purchase) for the Notes as of 11:00 a.m. (New York City time) on June 9, 2025. The Consideration does not include Accrued Interest (as defined in the Offer to Purchase) on the Notes, which will be payable in cash. Information on the Offer The Offer expired at 5:00 p.m., New York City time, on June 9, 2025 (the "Expiration Date"). All conditions described in the Offer to Purchase have been satisfied, and Gerdau has accepted for purchase all of the Notes validly tendered. Settlement Settlement of the Offer is expected to occur within three business days following the Expiration Date, which will be June 12, 2025 (the "Settlement Date"). For More Information The terms and conditions of the Offer are described in the Offer Documents. Copies of the Offer Documents are available at and by request to D.F. King & Co., Inc., the tender agent and information agent for the Offer (the "Tender and Information Agent"). Requests for copies of the Offer Documents should be directed to the Tender and Information Agent at +1 (800) 628-9011 (toll free) and +1 (212) 269-5550 (collect) or by e-mail to gerdau@ Gerdau Trade has engaged BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC to act as the dealer managers (the "Dealer Managers") in connection with the Offer. Any questions or requests for assistance regarding the Offer may be directed to BofA Securities, Inc. collect at +1 (646) 855-8988 or toll-free (U.S. only) at +1 (888) 292-0070, Goldman Sachs & Co. LLC collect at +1 (212) 357-1452 or toll-free (U.S. only) at +1 (800) 828-3182, J.P. Morgan Securities LLC collect at +1 (212) 834-3554 / +55 11 4950 3312 or toll-free (U.S. only) at +1 (866) 834-4666 / +1 (866) 846-2874, and Morgan Stanley & Co. LLC collect at +1 (212) 761-1057 or toll-free (U.S. only) at +1 (800) 624-1808. Disclaimer This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities. The Offer was being made solely by means of the Offer Documents. The Offer was not made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In those jurisdictions where the securities, blue sky or other laws require any tender offer to be made by a licensed broker or dealer, the Offer was deemed to be made on behalf of Gerdau Trade by the Dealer Managers or one or more registered brokers or dealers licensed under the laws of such jurisdiction. The Offer Documents have not been filed with, and have not been approved or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer Documents or any other documents related to the Offer, and it is unlawful and may be a criminal offense to make any representation to the contrary. This press release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, including those related to the Offer. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements. Gerdau S.A. Rafael Dorneles JapurVice-President and Investor Relations Officer View original content: SOURCE Gerdau S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Boeing's High-Wire Comeback: Can Ortberg Keep the Revival on Track?
Boeing (NYSE:BA) is mounting what could be its most consequential turnaround in decades, with CEO Kelly Ortberg at the helm just ten months into a job many wouldn't touch. Since taking over, Ortberg has steadied the production line, particularly the embattled 737 Max, and helped rebuild investor confidencereflected in a 22% rally in the stock this year. But with lingering safety concerns, regulatory scrutiny, and $1.1 billion paid to avoid prosecution over prior crashes, the shadow of Boeing's past still looms large. As Ortberg heads to the Paris Air Show, he faces a pivotal test of Boeing's progress and promises. Warning! GuruFocus has detected 6 Warning Signs with BA. Ortberg is leaning into his supplier background to reset Boeing's frayed industrial relationships. He's publicly criticized the company's aggressive Partnering for Success program that left vendors squeezed and soured. Now, with FAA-imposed production caps and rising delivery pressure, rebuilding trust with suppliers is essential if Boeing wants to scale outputand cash flow. May marked the first time since 2020 that Boeing produced 38 Max jets in a single month, but future rate increases still hinge on regulatory greenlights. Meanwhile, industry leaders cautiously believe Boeing is turning the corner, but note that execution, not words, will be the true signal. Still, culture may be the hardest fix. A recent employee survey revealed a steep drop in morale and trust in leadership compared to a decade ago. Ortberg is moving the needle, instituting new values, mandating executive accountability, and committing to worker engagementincluding direct union meetings with leadership. But critics argue change has been too slow, and victim families from the Max crashes continue to challenge Boeing's legal settlement in court, calling it a cost of doing business. Analysts warn: despite green shoots, one misstep could undo years of effortreminding investors just how fragile Boeing's second chance really is. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Here's Why Archer Aviation Stock Is Soaring Today
The White House is officially encouraging the development of the nation's air taxi industry. A recent executive order calls for at least one private company to be involved in shaping the launch and future of this business. Even though Archer isn't guaranteed to be a part of this laying of regulatory groundwork, regulatory hurdles may have just been lowered. 10 stocks we like better than Archer Aviation › Shares of Archer Aviation (NYSE: ACHR) rekindled their choppy recovery rally today, up 11.7% as of 2:33 p.m. ET. While the reason for the big move doesn't directly translate into real revenue or profit progress, it certainly makes both much more likely than was first anticipated. Credit President Donald Trump, mostly. With an executive order signed late Friday, the U.S. president has hastened the advent of the United States' electric air taxi industry that will provide personal mobility from one specific inner-city location to another. The order explicitly requests that the Secretary of Transportation begin laying the groundwork for the development of an official eVTOL (electric vertical takeoff and landing) pilot program that includes the participation of at least one "private sector partner with demonstrated experience in eVTOL aircraft development, manufacturing, and operations." Archer Aviation qualifies. Its so-called Midnight aircraft capable of flying like an airplane but taking off and landing like a helicopter is not only fully electrically powered, but has already made several hundred successful test flights. Moreover, the company itself is already laying the groundwork for commercial operations in New York and Los Angeles. Transportation Secretary Sean Duffy could readily meet President Trump's accelerated timeline goals using Archer's work to date. There's no assurance that Archer Aviation will be one of the private sector outfits brought into this regulatory fold, of course. There are others that qualify, like Joby Aviation. There's also no reason to suspect that only one private operator will become involved in this official test initiative though. And, given that Archer is developing a version of its Midnight aircraft specifically for the U.S. Air Force, its technology also already arguably has the U.S. government's unofficial approval. And, whether or not Archer is selected for involvement with the Secretary of Transportation's new mandate, there's more than ample opportunity for more than one air taxi service provider in the U.S. alone, not to mention overseas. Industry research outfit Global Market Insights believes the world's air taxi market is poised to grow at an average annualized pace of more than 20% per year through 2032, led by North America. More important to interested investors, Trump's executive order creates more room and reason for Archer Aviation stock to continue rallying from here. Although the start-up is still years away from profitable operations -- and as such still poses tremendous risk to its shareholders -- the potential upside is commensurate with this risk. Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 James Brumley has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Here's Why Archer Aviation Stock Is Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
