LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC (http://lundinlawpc.com/) announces that it is investigating claims against National Beverage Corp. (“National Beverage” or the “Company”) (Nasdaq: FIZZ) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
The investigation focuses on whether National Beverage and certain of its officers and/or directors were in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On September 27, 2016, Glaucus Research published a report alleging: 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.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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