LOS ANGELES--(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 firstname.lastname@example.org.
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.
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