Investors Are Encouraged to Contact the Firm for Information about
their Rights
Company Website:
http://www.GirardGibbs.com
SAN FRANCISCO -- (Business Wire)
Girard Gibbs LLP is investigating claims on behalf of investors of
National Beverage Corp., the maker of LaCroix sparkling water (NASDAQ:
FIZZ), involving possible securities law violations.
To speak privately with an attorney regarding this class action
lawsuit investigation, click
here.
On June 26, 2018, the Wall Street Journal published an article reporting
that National Beverage had failed to provide information to the
Securities and Exchange Commission in response to the agency’s request
for more detail to clarify sales claims it had previously made in 2017.
Those claims, which were contained in two May 2017 press releases issued
by National Beverage, stated that it "employs methods that no other
company does in this area—VPO (velocity per outlet) and VPC (velocity
per capita)." The company also asserted that it "utilize[s] two
proprietary techniques to magnify these measures and this creates growth
never before thought possible." On May 5, 2017, National Beverage issued
a second press release, stating that "[o]ur impressive VPO calculator .
. . is flashing solid green numbers as we bring FY2017 to a close."
Following the Wall Street Journal’s report of National Beverage’s
failure to comply with the SEC’s request, shares of FIZZ fell sharply
during intraday trading, and ultimately closed down 8.87% on June 27,
2018, thereby injuring investors.
If you purchased or acquired shares of National Beverage Corp. and
would like to speak privately with a securities attorney to learn more
about the investigation or your legal rights as an investor, please
visit our website
or contact the securities team directly at (800) 254-9493.
About Girard Gibbs
Girard Gibbs is a national litigation firm representing investors,
businesses, municipalities and unions in class and individual actions in
state and federal courts throughout the country. The firm has recovered
over a billion dollars for its clients against some of the world’s
largest corporations, and our attorneys have been honored for the
quality of their work and legal achievements with recognition in the Best
Lawyers in America list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180627006337/en/
Contacts:
for Girard Gibbs LLP
Eileen Epstein, 510-350-9728
eje@classlawgroup.com
Source: Girard Gibbs LLP
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