NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of National Beverage Corp. (NASDAQ: FIZZ) resulting from allegations that National Beverage may have issued materially misleading business information to the investing public.
On May 4, 2017, National Beverage, the maker of LaCroix sparkling water, issued a press release stating that it “employs methods that no other company does in this area—VPO (velocity per outlet) and VPC (velocity per capita).” National Beverage asserted that it “utilize[s] two proprietary techniques to magnify these measures and this creates growth never before thought possible.” On May 5, 2017, National Beverage issued a second press release, stating that “[o]ur impressive VPO calculator . . . is flashing solid green numbers as we bring FY2017 to a close.” On June 26, 2018, the Wall Street Journal published an article entitled “The SEC Has Had Its Own Questions About LaCroix”, reporting that National Beverage had “declined to provide” the U.S. Securities and Exchange Commission (“SEC”) “with requested figures to clarify [National Beverage’s] sales claims”, following a letter request from the SEC in January 2018. On this news, National Beverage’s share price has fallen sharply during intraday trading on June 27, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by National Beverage investors. If you purchased shares of National Beverage please visit the firm’s website at http://www.rosenlegal.com/cases-958.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
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