WELCOME TO THE KRAFT HEINZ
SECURITIES LITIGATION WEBSITE

Please note: The claims administration has been completed. On January 27, 2025, a Motion for Approval of Distribution Plan was filed. The Court approved the Motion on March 3, 2025. The distribution will occur in the upcoming weeks. Please continue to check this website for further updates.

Summary of the Action and Settlement
 

The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expense. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This website relates to a Settlement of claims in a securities class action ("Action") brought by investors in The Kraft Heinz Company (“Kraft Heinz”) common stock and options alleging that Kraft Heinz, certain of Kraft Heinz’s current and former executives, and 3G Capital Partners and its affiliates (collectively, "Defendants") violated the federal securities laws during the period from November 6, 2015 through August 7, 2019, inclusive ("Class Period"). Among other things, Plaintiffs generally allege that Defendants made materially false or misleading statements and omissions during the Class Period about the sustainability of Kraft Heinz’s cost-cutting measures, its brand investment and operations, Kraft Heinz’s Canadian retail business, its financial performance, and the Kraft Heinz's valuation and testing for impairment of its goodwill and intangible assets. Plaintiffs further allege that the price of Kraft Heinz’s common stock was artificially inflated as a result of Defendants’ allegedly false or misleading misstatements and omissions, and declined when the truth was revealed, causing damage to Kraft Heinz’s investors. Plaintiffs also allege that 3G Capital sold Kraft Heinz common stock on August 7, 2018, while in possession of material nonpublic information.  Defendants deny all of the allegations of wrongdoing asserted in the Action and deny any liability whatsoever.

Court-appointed Lead Plaintiffs Sjunde AP-Fonden and Union Asset Management Holding AG, and additional named plaintiff Booker Enterprises Pty Ltd. (collectively, “Plaintiffs”), on behalf of themselves and the Settlement Class, and Defendants have reached a Settlement of the Action for $450,000,000 in cash. The claims being released by the Settlement are detailed in paragraphs 29-35 of the Notice. The Settlement Class consists of:

All persons or entities who purchased or otherwise acquired Kraft Heinz common stock or call options on Kraft Heinz common stock, or sold put options on Kraft Heinz common stock, from November 6, 2015 through August 7, 2019, inclusive, and were damaged thereby. Certain persons and entities are excluded from the Settlement Class by definition (see paragraph 18 of the Notice).

If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act. Please read the Notice to fully understand your rights and options.

On September 12, 2023, the Court held a hearing to consider final approval of the Settlement and other matters. At the hearing, the Court approved the Settlement and Plan of Allocation and Lead Counsel’s motion for attorneys’ fees and litigation expenses. The same day, the Court entered a Judgment Approving Class Action Settlement and an Order Approving Plan of Allocation of Net Settlement Fund.  On September 19, 2023, the Court entered an Order Awarding Attorneys’ Fees and Litigation Expenses.

Please Note: The United States Securities and Exchange Commission has established a separate fair fund in its enforcement action against Kraft Heinz (“SEC Fair Fund”). The SEC Fair Fund will compensate certain investors who purchased Kraft Heinz common stock between February 26, 2016 and February 21, 2019 and who satisfy the conditions of the Plan of Distribution available on the website, www.khcfairfund.com. The SEC Fair Fund is separate from the Settlement of this Action. Settlement Class Members who have submitted a claim to recover from the SEC Fair Fund will also need to submit a Claim Form in order to be eligible for a recovery from the Settlement obtained in this Action.
 

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-844-798-0760, by emailing info@KraftHeinzSecuritiesLitigation.com, or by mailing a letter to:

Kraft Heinz Securities Litigation
c/o JND Legal Administration
P.O. Box 91207
Seattle, WA 98111

Inquiries should NOT be directed to the Court, the Clerk of the Court, Defendants, or Defendants’ Counsel.