Company Website:
http://www.robbinsarroyo.com
SAN DIEGO & FORT LAUDERDALE, Fla. -- (Business Wire)
Shareholder rights law firm Robbins
Arroyo LLP announces that purchasers of National Beverage Corp
(Nasdaq: FIZZ) filed a class action complaint against the company's
officers and directors for alleged violations of the Securities Exchange
Act of 1934 between July 14, 2014 and July 3, 2018. National Beverage,
through its subsidiaries, develops, produces, markets, and sells
flavored beverages in North America and internationally.
View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/national-beverage-corp-fizz/
National Beverage Accused of Making Misleading Statements
According to the complaint, National Beverage touted its revenue and
asserted that it "utilize[s] two proprietary techniques… [that] creates
growth never before thought imaginable." The company also flaunted its
Code of Ethics, which promoted a positive work environment and
prohibited any type of harassment. However, these statements were false
and misleading because National Beverage failed to disclose that its
"proprietary techniques" lacked a verifiable basis – even after being
questioned by the U.S. Securities and Exchange Commission, and its
Chairman and Chief Executive Officer has been sued for engaging in a
pattern of sexual misconduct between 2014 and 2016.
National Beverage Shareholders Have Legal Options
If you would like more information about your rights and potential
remedies, contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock
Watch.
Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180718005789/en/
Contacts:
Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free
(800) 350-6003
LKandinov@robbinsarroyo.com
www.robbinsarroyo.com
Source: Robbins Arroyo LLP
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