Company Website:
https://schallfirm.com/
LOS ANGELES -- (Business Wire)
The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
National Beverage Corp. ("National Beverage" or the "Company") (NASDAQ: FIZZ)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. National Beverage issued a press release on May 4, 2018,
claiming that it “employs methods that no other company does in this
area—VPO (velocity per outlet) and VPC (velocity per capita).” The press
release also claimed the Company “utilize[s] two proprietary techniques
to magnify these measures and this creates growth never before thought
possible.” National Beverage issued a second press release the next day
which claimed, “[o]ur impressive VPO calculator . . . is flashing solid
green numbers as we bring FY2017 to a close.” The Wall Street Journal published
an article on June 26, 2018, titled “The SEC Has Had Its Own Questions
About LaCroix,” which reported that National Beverage “declined to
provide” the SEC with information requested by the agency “with
requested figures to clarify [National Beverage’s] sales claims,” which
the SEC sought in a letter to the Company in January. Based on this
report, shares in National Beverage fell significantly during intraday
trading on June 27, 2018.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180705005632/en/
Contacts:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
Source: The Schall Law Firm
© 2024 Canjex Publishing Ltd. All rights reserved.