INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against National Beverage Corp. & Encourages Invest...
October 11 2016 - 5:57PM
Business Wire
Goldberg Law PC (the “Firm”) announces a class action lawsuit
has been filed against National Beverage Corp. (“National Beverage”
or the “Company”) (Nasdaq: FIZZ). Investors who purchased or
otherwise acquired shares between July 16, 2015 and September 28,
2016 (the “Class Period”) are encouraged to contact the Firm in
advance of the December 5, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.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 complaint alleges that during the Class Period, National
Beverage made false and misleading statements and/or failed to
disclose that it lacked effective internal controls over financial
reporting. Thus, the Company’s statements about its business,
operations and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times. On
September 27, 2016, Glaucus Research Group published a report
revealing: that National Beverage’s former CEO and Chairman
admitted to manipulating the Company’s earnings and directing his
son to make fake invoices; that the Company refused to allow a
potential acquirer to perform adequate due diligence which led to
the failure of a significant transaction; that National Beverage
officers are compensated by a privately held company which
disallows shareholder visibility; that the Company’s former counsel
testified that he and former general counsel “fudged facts” on the
Company’s behalf in a previous litigation; and that gifts of stock
were not disclosed in the Company’s SEC filings. When this
information was announced, shares of National Beverage fell in
value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161011006743/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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