LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) announces that it has commenced an
investigation on behalf of National Beverage Corp. (“National Beverage”
or the “Company”) (NASDAQ: FIZZ)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here
to participate.
On May 4, 2017, National Beverage issued a press release stating that it
"employs methods that no other company does in this area—VPO (velocity
per outlet) and VPC (velocity per capita)." National Beverage further
stated that it "utilizes two proprietary techniques to magnify these
measure and this creates growth never before thought possible." On May
5, 2017, National Beverage issued a second press release, asserting that
"our impressive VPO calculator . . . is flashing solid green numbers as
we bring FY2017 to a close." Then on June 26, 2018, the Wall Street
Journal published an article reporting that National Beverage had
"declined to provide" the U.S. Securities and Exchange Commission
("SEC") "with requested sales figures to clarify National Beverage's
sales claims", following a letter request from the SEC in January 2018.
On this news, National Beverage had a two day drop of $15.06, or nearly
13%, to close at $100.19 on June 27, 2018, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased National Beverage securities, have information or would
like to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180627006380/en/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley
Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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