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Investigation announced for Long-Term Investors in NYSE: TAP shares over potential Wrongdoing at Molson Coors Brewing Company

08-16-2019 07:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Molson Coors Brewing Company (NYSE: TAP) shares.

An investigation on behalf of current long term investors in Molson Coors Brewing Company (NYSE: TAP) shares.

An investigation was announced for current long-term investors in shares of Molson Coors Brewing Company (NYSE: TAP) concerning potential breaches of fiduciary duties by certain directors of Molson Coors Brewing Company.

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.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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