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The filed complaint alleges that Hormel Foods Corporation made materially false and/or misleading statements and/or failed to disclose that: The Wall Street Journal published an article on October 29, 2025, entitled “Hormel Cuts Forecast on Price Pressure, Consumer Backdrop; Parts Ways With CFO.” The article stated that Hormel “warned earnings in the latest quarter were squeezed by price pressures, bird flu and a fire that damaged its Arkansas peanut butter production facility. The company also said it was parting ways with its top finance executive[.]” Following this news, Hormel Foods stock fell over 9% on October 29, 2025.
In order to be eligible to join the HRL class action lawsuit, you must have incurred a loss on shares of Hormel Foods Corporation purchased during the class period listed above.
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