Securities Fraud Investigation Into The Vita Coco Company, Inc. (COCO) Announced – Investors Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into The Vita Coco Company, Inc. (COCO) Announced – Investors Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Vita Coco Company, Inc. (“Vita Coco” or the “Company”) (NASDAQ: COCO) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE VITA COCO COMPANY, INC. (COCO), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is the Investigation About?
On March 26, 2025, NINGI Research published a report alleging that Vita Coco is “suffering from structural internal deficiencies, such as undisclosed related-party transactions and supply chain mismanagement.” The report alleges “Vita Coco misled investors about its 2018 acquisition of energy drink ‘Runa’” by failing to disclose a “related-party transaction.” The report further alleges the Company’s largest private label customer, Costco, “is moving to source Kirkland Coconut Water from a Vita Coco competitor” and “will ultimately terminate its contract with the company” “after Vita Coco failed to deliver reliably last year.” The report concludes this “will result in an estimated $90 million revenue shortfall for Vita Coco by the end of 2025.”
On this news, Vita Coco’s stock price fell as much as 13% during intraday trading on March 26, 2025, thereby injuring investors.
Contact Us to Participate or Learn More:
If you purchased Vita Coco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
