SAN FRANCISCO, July 18, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in National Beverage Corp. (NASDAQ:FIZZ) to the September 17, 2018 Lead Plaintiff deadline in the securities class action pending in the United States District Court for the Southern District of Florida. If you purchased or otherwise acquired National Beverage Corp. securities between July 17, 2014 and July 3, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/FIZZ
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On June 26, 2018, The Wall Street Journal reported the SEC asked for- and was refused- further information about certain metrics used in two National Beverage releases.
According to the Journal, the first was a May 4, 2017 release in which the Company’s Chief Executive Officer wrote: “National Beverage employs methods that no other company does in this area – VPO (velocity per outlet) and VPC (velocity per capita) . . . . Unique to National Beverage is creating velocity per capita through proven velocity predictors. Retailers are amazed by these methods.”
The second was a May 5, 2017 release describing a VPO calculator “flashing solid green numbers as we bring FY2017 to close.”
This news drove the price of National Beverage shares down $9.75, or about 8.9%, to close at $100.19 on June 27, 2018.
“We’re focused on investors’ losses and whether Defendants adequately informed investors about the so-called unique metrics,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding National Beverage should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email FIZZ@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000