Bravo! Brands, Inc. - Securities Class Action

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Stanford Law School

Bravo! Brands, Inc. Summary: On May 12, 2008, the plaintiff filed a Notice of Voluntary Dismissal Without Prejudice. On May 14, 2008, U.S. District Judge Kenneth L. Ryskamp issued the Order closing the case.

The complaint alleges that Bravo CEO and Chief Accounting Officer violated the Securities Exchange Act of 1934. During the Class Period, Bravo concealed that its sole distributor, Coca Cola Enterprises, Inc. ('CCE'), had drastically cut its demand for Bravo's milk-drinks. (Bravo sold its products under the brand names Slammers and Bravo.) Bravo also failed to timely disclose that it had defaulted on interest payments to senior note holders.

Specifically, the complaint alleges that Bravo falsely told investors on April 3, 2007, that it had expanded its drink products by introducing the first milk-based sports drink. Only one month later, Bravo announced that it would substantially reduce its workforce, that it would not roll out brands into new channels of distribution, and that its sales with CCE had declined substantially in April and May 2007. On May 15, 2007, the last day of the Class Period, Bravo announced that it had recognized a $17.6 million non-cash impairment charge during the quarter ended March 31, 2007. On September 21, 2007, Bravo filed for bankruptcy.

INDUSTRY CLASSIFICATION:
SIC Code:
Sector: Consumer Non-Cyclical
Industry: Beverages (Non-Alcoholic)

COMPANY/ISSUER NAME:	Bravo! Brands, Inc.
COMPANY/ISSUER TICKER:	BRVO.PK
COMPANY WEBSITE:	http://www.bravobrands.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Joseph C. Hubbard, et al. v. Warren, et al.

COURT: S.D. Florida	DOCKET NUMBER: 07-CV-80966
JUDGE NAME: Hon. Kenneth L. Ryskamp
DATE FILED: 10/16/2007	SOURCE: Notice of Filing
CLASS PERIOD START: 11/20/2005	CLASS PERIOD END: 5/15/2007
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gainey & McKenna, LLP 485 Fifth Avenue, 3rd Floor, New York, NY, 10017 (voice) (212) 983-1300, (fax) (212) 983-0383, tjmckenna@gaineyandmckenna.com Vianale & Vianale LLP The Plaza - Suite 801, 5355 Town Center Road., Boca Raton, FL, 33486 (voice) 561.391.4900, (fax) 561.368.9274, info@vianalelaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint - Jury Trial Demanded
Type: Complaint		Date on the document: 10/16/2007
Order
Type: Order		Date on the document: 2/14/2008
Notice of Voluntary Dismissal Without Prejudice
Type: Notice		Date on the document: 5/12/2008
Order Closing Case
Type: Order		Date on the document: 5/14/2008
U.S. District Court Civil Docket
Type: Docket		Date on the document: 5/14/2008

OTHER DOCUMENTS
Class Action Complaint - Jury Trial Demanded
Case Name and/or Number: Peter F. Benario, et al. v. Warren, et al.
Type: Complaint		Date on the document: 11/9/2007
Class Action Complaint
Case Name and/or Number: Angelo De Pergola, et al. v. Warren, et al.
Type: Complaint		Date on the document: 12/12/2007

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