IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces that it is investigating claims against National Beverage Corp. (“National Beverage” or the “Company”) (Nasdaq: FIZZ) concerning possible violations of federal securities laws.
If you purchased shares of National Beverage and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
The investigation centers on whether National Beverage and certain of its officers and/or directors were in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On September 27, 2016, Glaucus Research published a report alleging: that National Beverage’s former CEO and Chairman admitted to manipulating the Company’s earnings and directing his son to make fake invoices; that National Beverage refused to allow a potential acquirer to perform adequate due diligence which led to the failure of a significant transaction; that National Beverage officers are paid by a privately held company which disallows shareholder visibility; that the Company’s former counsel testified that he and former general counsel “fudged facts” on the Company’s behalf in a previous litigation; and that gifts of stock were not disclosed in the Company’s SEC filings. When this news was released, the stock price of National Beverage declined.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
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