Investor cries foul on Sovos sale to Campbell

LOUISVILLE — An individual investor in Sovos Brands Inc. (Nasdaq: SOVO) is suing the company and a group of its leaders, alleging violations of the Colorado Securities Act that occurred during the food-brand umbrella company’s $2.7 billion sale to Campbell Soup Co. (NYSE: CPB).

In a complaint filed this week in Boulder County District Court, investor Eric Maglione charges Campbell, Sovos, its executives, directors and financial advisers with “dissemination of false and/or misleading statements to Sovos investors,” which set the stage for Campbell’s to pay less per Sovos share than the company is worth.

Food and soup giant Campbell agreed in…