Press release
Investigation announced for Investors in shares of Treasury Wine Estates Limited (OTC: TSRYY)
An investigation for investors in Treasury Wine Estates Limited (OTC: TSRYY) shares over potential securities laws violations.
Investors who purchased shares of Treasury Wine Estates Limited (OTC: TSRYY), 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 focuses on possible claims on behalf of purchasers of the securities of Treasury Wine Estates Limited (OTC: TSRYY) concerning whether a series of statements by Treasury Wine Estates Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Melbourne, Australia based Treasury Wine Estates Limited operates as a wine company in Australia, New Zealand, Asia, Europe, and the Americas.
Treasury Wine Estates Limited reported that its Total Revenue rose from over $2.42 billion for the 12 months period that ended on June 30, 2018, to over $2.88 billion for the 12 months period that ended on June 30, 2019, and that its Net Income over those respective time periods increased from $360.3 million to $419.5 million.
On January 28, 2020, the Company issued a press release announcing that “based on our revised full year forecast our growth rate in F20 will be lower than previously guided” driven by “underperformance in our US results.” Further, TWE noted that the "Americas reported a 17% decline in EBITS to $98.3m and an EBITS margin of 16.1%" due to a "loss of execution momentum" and "the persistence of challenging conditions in the US wine market.”
Shares of Treasury Wine Estates Limited (OTC: TSRYY) declined from $12.43 per share on January 17, 2020 to as low as $4.88 per share on March 18, 2020.
Those who purchased shares of Treasury Wine Estates Limited (OTC: TSRYY) have certain options and should contact the Shareholders Foundation.
Media Contact:
Christopher Clausen
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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