On September 27, 2016, Glaucus Research published a report alleging, (1) that the Fizz's former CEO and Chairman confessed to "manipulating FIZZ's earnings . . . [and] directing his son to create fake invoices"; (2) that National Beverage refused "to allow a potential acquirer to perform adequate due diligence on the Company," which led to the failure of the transaction, (3) and that National Beverage's officers "are compensated by a privately held company" that disallows shareholder visibility; (4) that former counsel for the Company "testified that he and former FIZZ general counsel 'fudged facts' on behalf of FIZZ in a previous litigation"; (5) and that gifts of stock were not disclosed in the Company's SEC filings. Following this news, National Beverage stock dropped $3.81 per share, or 8.19%, to close at $42.67 on September 28, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of National Beverage, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/fizz. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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