An investigation for investors in National Beverage Corp. (NASDAQ: FIZZ) shares over potential securities laws violations by National Beverage Corp. was announced.
San Diego, CA -- (SBWIRE) -- 06/25/2019 -- An investigation was announced concerning potential securities laws violations by National Beverage Corp. in connection with certain financial statements.
Investors who purchased shares of National Beverage Corp. (NASDAQ: FIZZ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by National Beverage regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 11, 2019, a former LaCroix executive filed a lawsuit alleging that the president of National Beverage Corp planned to falsely state in April that its sparkling water cans were BPA-free. More specifically, the plaintiff alleges that the CEO and Chairman of National Beverage Corp, "had decided to prematurely announce that LaCroix cans would be BPA-free going forward, months before the true production date, in order to drive positive buzz and awareness for the suffering brand." Shares of National Beverage Corp. (NASDAQ: FIZZ) declined from $124.15 per share in September 2018 to as low as $42.49 per share on June 11, 2019.
Those who purchased shares of National Beverage Corp. (NASDAQ: FIZZ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.