SAN DIEGO & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of National Beverage Corp (Nasdaq: FIZZ) filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between July 14, 2014 and July 3, 2018. National Beverage, through its subsidiaries, develops, produces, markets, and sells flavored beverages in North America and internationally.
View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/national-beverage-corp-fizz/
National Beverage Accused of Making Misleading Statements
According to the complaint, National Beverage touted its revenue and asserted that it "utilize[s] two proprietary techniques… [that] creates growth never before thought imaginable." The company also flaunted its Code of Ethics, which promoted a positive work environment and prohibited any type of harassment. However, these statements were false and misleading because National Beverage failed to disclose that its "proprietary techniques" lacked a verifiable basis – even after being questioned by the U.S. Securities and Exchange Commission, and its Chairman and Chief Executive Officer has been sued for engaging in a pattern of sexual misconduct between 2014 and 2016.
National Beverage Shareholders Have Legal Options
If you would like more information about your rights and potential remedies, contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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