LOS ANGELES--(BUSINESS WIRE)--
Lundin
Law PC (the "Firm") announces a class action lawsuit has been filed
against National Beverage Corp. ("National Beverage" or the "Company")
(Nasdaq: FIZZ) concerning possible violations of federal securities
laws. Investors who purchased or otherwise acquired shares between July
16, 2015 and September 28, 2016 inclusive (the "Class Period"), are
encouraged to contact the Firm before the December 5, 2016 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC,
at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
The complaint alleges that during the Class Period, the Company's
statements about its business, operations and prospects were materially
false and misleading and/or lacked a reasonable basis at all relevant
times. 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.
When this news was announced, shares of National Beverage dropped in
value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based
in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161011006535/en/
