Company: | The Coca-Cola Company |
Ticker Symbol: | NYSE: KO |
Class Period: | January 30, 2003 to September 15, 2004 |
Date Filed: | May-09-05 |
Lead Plaintiff Deadline: | Jul-07-05 |
Court: | Northern District, GA |
Allegations: |
A class action has been commenced in the United States District Court for the Northern District of Georgia on behalf of purchasers of The Coca-Cola Company ("Coke") (NYSE:KO) common stock during the period between January 30, 2003 and September 15, 2004 (the "Class Period").
The complaint charges Coke and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Coke manufactures, distributes and markets non-alcoholic beverage concentrates and syrups, including fountain syrups, throughout the world.
The complaint alleges that during the Class Period, defendants made false and misleading statements regarding Coke's business and prospects. The true facts, which were know to defendants but concealed from the investing public, were as follows: (i) Coke's business strategy was flawed and its business model was not working; (ii) Coke's relationships with its key bottlers were impaired and harming Coke's economic performance; and (iii) as a result of the above, Coke's earnings going forward would be diminished.
On September 15, 2004, Coke revealed that its second half 2004 financial results would be below forecasted levels. Coke's stock declined on this news.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The complaint charges Coke and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Coke manufactures, distributes and markets non-alcoholic beverage concentrates and syrups, including fountain syrups, throughout the world.
The complaint alleges that during the Class Period, defendants made false and misleading statements regarding Coke's business and prospects. The true facts, which were know to defendants but concealed from the investing public, were as follows: (i) Coke's business strategy was flawed and its business model was not working; (ii) Coke's relationships with its key bottlers were impaired and harming Coke's economic performance; and (iii) as a result of the above, Coke's earnings going forward would be diminished.
On September 15, 2004, Coke revealed that its second half 2004 financial results would be below forecasted levels. Coke's stock declined on this news.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
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