Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of National Beverage Corp (NASDAQ: FIZZ) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of National Beverage Corp (NASDAQ: FIZZ) concerning whether a series of statements by National Beverage Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 27, 2016, a report by Glaucus Research claimed that National Beverage’s former Chief Executive Officer and Chairman confessed 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 the Company officers are compensated by a privately held company which disallows shareholder visibility; that National Beverage'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.
Following this news, NASDAQ: FIZZ fell $3.81 per share, or 8.19%, to close at $42.67 on September 28, 2016.
Based in Fort Lauderdale, Florida, and founded in 1985 National Beverage Corp develops, produces, markets, and sells a portfolio of flavored beverage products.
If you purchased shares of National Beverage Corp (NASDAQ: FIZZ) on or before September 27, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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