A securities class action has been filed in the USDC – M.D.FL. against Primo Brands Corporation (PRMB) (“Primo” or the “Company”), on behalf of:
(a) All persons and entities that purchased Primo Brands Corporation (“Primo Brands” or the “Company”) common stock pursuant, or traceable, or both, to the SPO Materials issued in connection with Primo Brands’ March 2025 secondary public offering (the “SPO”)
(b) All persons who purchased or otherwise acquired: (i) the common stock of Primo Water Corporation (“Primo Water”) between June 17, 2024 through November 8, 2024, inclusive, and/or (ii) the common stock of Primo Brands between November 11, 2024 through November 6, 2025, both dates inclusive.
Primo Brands is a branded beverage distribution company, with a portfolio of brands like Poland Spring, Pure Life, Saratoga, and Mountain Valley.
The complaint alleges throughout the Class Period and in the SPO Materials, Defendants misled investors about Primo Brands’ prospects as a combined company and the Company’s integration progress, by failing to disclose that:
(1) from the outset of the Merger, Primo Brands’ direct delivery business, including ReadyRefresh, experienced serious operational disruptions that prevented the Company from executing the most basic operational tasks;
(2) Primo Brands experienced significant, ongoing, self-inflicted execution challenges integrating Primo Water and BlueTriton;
(3) the disruptions in the direct delivery business and execution challenges imperiled Primo Brands’ integration plan;
(4) in turn, Primo Brands was unable to effectively serve its customers, particularly in its direct delivery business;
(5) due to the foregoing, Primo Brands’ business and operations were negatively impacted; and
(6) as a result of the above, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.
If you (a) purchased Primo Brands Corporation (“Primo Brands” or the “Company”) common stock pursuant, or traceable, or both, to the SPO Materials issued in connection with Primo Brands’ March 2025 secondary public offering (the “SPO”); and/or (b) purchased or otherwise acquired: (i) the common stock of Primo Water Corporation (“Primo Water”) between June 17, 2024 through November 8, 2024, inclusive, and/or (ii) the common stock of Primo Brands between November 11, 2024 through November 6, 2025, both dates inclusive, and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.