NEW YORK, June 27, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of National Beverage Corp. ("National Beverage" or the "Company") (NASDAQ: FIZZ). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/fizz.
The investigation concerns whether National Beverage and certain of its officers and/or directors have violated federal securities laws.
On May 4, 2017, National Beverage, the maker of LaCroix sparkling water, 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 asserted that it "utilize[s] 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, stating that "[o]ur impressive VPO calculator . . . is flashing solid green numbers as we bring FY2017 to a close." On June 26, 2018, the Wall Street Journal published an article entitled "The SEC Has Had Its Own Questions About LaCroix", 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's share price has fallen sharply during intraday trading on June 27, 2018.
If you are aware of any facts relating to this investigation, or purchased National Beverage shares, you can assist this investigation by visiting the firm's site: 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.
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 protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC