NEW INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims Against National Beverage Corp. & Encourage...
July 05 2018 - 6:03PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of National Beverage Corp. ("National Beverage" or the
"Company") (NASDAQ: FIZZ) for violations of §§10(b) and 20(a)
of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. National Beverage issued a press release on
May 4, 2018, claiming that it “employs methods that no other
company does in this area—VPO (velocity per outlet) and VPC
(velocity per capita).” The press release also claimed the Company
“utilize[s] two proprietary techniques to magnify these measures
and this creates growth never before thought possible.” National
Beverage issued a second press release the next day which claimed,
“[o]ur impressive VPO calculator . . . is flashing solid green
numbers as we bring FY2017 to a close.” The Wall Street Journal
published an article on June 26, 2018, titled “The SEC Has Had Its
Own Questions About LaCroix,” which reported that National Beverage
“declined to provide” the SEC with information requested by the
agency “with requested figures to clarify [National Beverage’s]
sales claims,” which the SEC sought in a letter to the Company in
January. Based on this report, shares in National Beverage fell
significantly during intraday trading on June 27, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.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 Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180705005632/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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