NEW YORK, Sept. 29, 2016 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of National Beverage Corp. (NASDAQ: FIZZ) resulting from allegations that National Beverage may have issued materially misleading business information to the investing public.
On September 28, 2016, Glaucus Research Group published a report stating, among other things, that the CEO of National Beverage admitted to manipulating National Beverage's earnings using a "little jewel box" and by directing his son to arrange for National Beverage's distributors to create fake invoices. The report further stated that a 2015 wrongful termination suit alleged that a National Beverage employee was physically present at, operated, directed and managed an independent distributor not listed as a subsidiary or related party in any of National Beverage's filings. On this news, shares of National Beverage fell $3.81 per share or 8% from its previous closing price to close at $42.67 per share on September 28, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by National Beverage investors. If you purchased shares of National Beverage on or before September 28, 2016, please visit the firm's website at http://www.rosenlegal.com/cases-958.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, P.A.