The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose potential manipulation of the Company's public finances.
Specifically, on September 28, 2016, Glaucus Research reported that former National Beverage CEO and Chairman, Nick Caporella, allegedly admitted to "manipulating earnings" and instructing his son to "create fake invoices."
After the announcement, National Beverage's share price fell from $46.48 per share on September 28, 2016 to a closing price of $42.67 on September 29, 2016 —a $3.81 or a 8.20% drop.
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If you invested in National Beverage stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/FIZZ. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding National Beverage's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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