The Law Offices of Frank R. Cruz announces an investigation of Danone S.A. (“Danone” or the “Company”) (OTC: DANOY) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
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, Danone’s stock price fell $1.37, or 7.95%, to close at $15.87 per share on January 21, 2026, thereby injuring investors.

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, Danone’s stock price fell $0.43, or 2.7%, to close at $15.55 per share on January 23, 2026, thereby injuring investors further.