Danone S.A. (OTC: DANOY)

This investigation is for anyone who acquired securities in Danone S.A. (OTC: DANOY) prior to January 23, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had sufficient controls in place to assure the safe manufacture of the Company’s product but then by lacking such controls.

On January 21, 2026, Reuters reported Danone was “recalling and blocking batches of infant milk formula after a contamination scare.” Specifically, cereulide, a potent cytotoxin, had been detected in Danone’s Thai-origin Dumex Dulac 1. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on January 23, 2026, Danone issued a press release stating “to comply with the latest guidance” it is recalling selected batches of its infant formula. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Danone S.A. (OTC: DANOY) prior to January 23, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.