Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Supreme Court Signals Doubts Over Trump’s Bid to Fire Fed Governor Lisa Cook 
DOJ Sues Virginia Over Failure to Provide Full Voter Registration Records 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
DOJ Urges Judge to Block Lawmakers’ Bid for Special Master in Jeffrey Epstein Records Case 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
Minnesota Judge Rejects Bid to Halt Trump Immigration Enforcement in Minneapolis 
Federal Judge Rules Trump Administration Unlawfully Halted EV Charger Funding 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Citigroup Faces Lawsuit Over Alleged Sexual Harassment by Top Wealth Executive 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Federal Judge Blocks Trump Administration Move to End TPS for Haitian Immigrants 
U.S. Condemns South Africa’s Expulsion of Israeli Diplomat Amid Rising Diplomatic Tensions 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Investors are suing Boston Beer Co. for misrepresenting the sales performance of its seltzer product line, which includes Angry Orchard Hard Seltzer and Truly Hard Seltzer.
At least three law firms have sued Boston Beer.
The number of lawsuits is expected to increase as law firms are now searching for potential plaintiffs to represent among Boston Beer’s investors.
Among the law firms was Robbins Geller Rudman & Dowd LLP, which said that management’s positive statements about its business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The seltzer products performed below expectations in the quarter ending in June, prompting management to revise its sales forecast in July.
Consequently, the share price of Boston Beer stock plunged 26 percent and has continued to decline and is now down about 60 percent from its peak in April.
It now stands at $526 a share.
