Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of National Beverage Corp. (“National Beverage” or the “Company”) (NASDAQ: FIZZ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On May 4, 2017, National Beverage issued a press release stating that it "employs methods that no other company does in this area—VPO (velocity per outlet) and VPC (velocity per capita)." National Beverage further stated that it "utilizes two proprietary techniques to magnify these measure and this creates growth never before thought possible." On May 5, 2017, National Beverage issued a second press release, asserting that "our impressive VPO calculator . . . is flashing solid green numbers as we bring FY2017 to a close." Then on June 26, 2018, the Wall Street Journal published an article reporting that National Beverage had "declined to provide" the U.S. Securities and Exchange Commission ("SEC") "with requested sales figures to clarify National Beverage's sales claims", following a letter request from the SEC in January 2018. On this news, National Beverage had a two day drop of $15.06, or nearly 13%, to close at $100.19 on June 27, 2018, thereby injuring investors.
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If you purchased National Beverage 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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