NATIONAL BEVERAGE CORP. Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating potential claims against National Beverage Corp.
06/12/2019 | 03:39pm EDT
NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating potential claims against National Beverage Corp. (NASDAQ: FIZZ) on behalf of its stockholders. Our investigation concerns whether National Beverage has violated the federal securities laws and/or engaged in other unlawful business practices.
Investors who purchased the shares of National Beverage Corp. are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774.
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On June 11, 2019, a former LaCroix executive filed a complaint in the Superior Court of New Jersey, Passaic County, alleging that the president of National Beverage planned to falsely state in April that its sparkling water cans were BPA-free. More specifically, the complaint alleged that its President, Joseph Caporella, “had decided to prematurely announce that LaCroix cans would be BPA-free going forward, months before the true production date, in order to drive positive buzz and awareness for the suffering brand.”
Following this news, the Company’s share price closed at $45.15 on June 11, 2019, a decrease of over 5%.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.