December 5 Deadline Alert: Law Offices of Howard G. Smith Reminds National Beverage Corp. Investors of Upcoming Lead Plaintif...
November 30 2016 - 4:36PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the upcoming
December 5, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased National Beverage Corp. (“National
Beverage” or the “Company”) (NASDAQ: FIZZ) securities between
July 16, 2015 and September 28, 2016, inclusive (the “Class
Period”). National Beverage investors have until December
5, 2016 to file a lead plaintiff motion.
On September 28, 2016, Glaucus Research Group published a report
alleging that the Company’s CFO and Chairman admitted to
manipulating the Company’s earnings and directing the creation of
false invoices; and furthermore that the Company refused to allow a
potential acquirer to complete due diligence to hide these alleged
misdeeds. According to the complaint filed in this lawsuit,
throughout the Class Period defendants made false and/or misleading
statements and/or failed to disclose that National Beverage lacked
effective internal controls over financial reporting due, in part,
to undisclosed channeling of expenses through off book entities and
undisclosed material related parties transactions. The lawsuit
claims that as a result, defendants’ statements about National
Beverage’s business, operations and prospects were materially false
and misleading and/or lacked a reasonable basis at all relevant
times.
If you purchased shares of National Beverage during the Class
Period you may move the Court no later than December 5, 2016
to ask the Court to appoint you as lead plaintiff if you meet
certain legal requirements. To be a member of the Class you need
not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161130006377/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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