NEW YORK, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of National Beverage Corp. securities (NASDAQ:FIZZ) from July 16, 2015 through September 28, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for National Beverage investors under the federal securities laws.
To join the National Beverage class action, go to http://www.rosenlegal.com/cases-958.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) National Beverage lacked effective internal controls over financial reporting due, in part, to undisclosed channeling of expenses through off the books entities; (2) National Beverage lacked effective internal controls over financial reporting due, in part, to undisclosed material related parties transactions; and (3) as a result, Defendants’ statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On September 28, 2016, Glaucus Research Group published a report revealing these details for the first time. The lawsuit claims that investors suffered damages when these details entered the market.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 5, 2016. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-958.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.