Market Overview

Robbins Arroyo LLP Announces Upcoming Deadline in Securities Class Action


Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of National Beverage Corp
(NASDAQ:FIZZ) have until September 17, 2018, to ask to be appointed
Lead Plaintiff for the class. 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:

National Beverage Accused of Making Misleading Statements

According to the filed class action complaint, National Beverage touted
its revenue and asserted that it "utilize[s] two proprietary techniques…
[that] create growth never before thought imaginable." 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. On
December 8, 2017, after National Beverage issued a press release
announcing its financial and operating results for the period ended
October 28, 2017, an analyst at Credit Suisse assigned an "underperform"
rating to the company's stock, noting that National Beverage's business
was driven "almost entirely" by the success of its LaCroix sparkling
water brand, the growth trajectory of which was slowing. That same day,
an analyst at Maxim reiterated a "sell" recommendation, noting that
company's "numerous weak brands and opaque financial reporting" made its
sale "highly unlikely."

The company also flaunted its Code of Ethics, which promoted a positive
work environment and prohibited any type of harassment. Violating this
stated policy, Nick Caporella, the company's Chairman and Chief
Executive Officer, has been sued for engaging in a pattern of sexual
misconduct between 2014 and 2016. These revelations have caused a
further decline in the company's stock price.

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,,
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

Attorney Advertising. Past results do not guarantee a similar outcome.

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