Johnson Fistel, PLLP Begins Investigation on Behalf of Long-Term Shareholders of Primo Brands Corporation (PRMB)

Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Primo Brands Corporation (NYSE: PRMB) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them.

If you have held Primo Brands shares continuously since prior to June 17, 2024, you may have standing to seek corporate governance reforms focused on executive oversight at Primo Brands.

To learn more, contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471.

Complaint Allegations
A previously filed securities class action complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts regarding the Company’s merger integration and related operational performance. According to the complaint, Defendants allegedly represented that the merger integration was proceeding successfully and would generate operational efficiencies, when in fact the integration was tracking poorly and created significant operational disruption, including technology and customer service issues and supply disruptions that negatively impacted the Company’s ability to serve customers. The complaint further alleges that these issues, once revealed, adversely impacted the Company’s business and financial results and rendered Defendants’ prior statements materially misleading when made.