According to the Complaint, Defendants have violated the Securities Act by issuing Offering Documents that included false statements of material fact, omitted material information, and contained false and misleading mixed statements of opinion and fact that lacked a reasonable basis concerning: the Company's adherence to regulatory laws governing the safe processing of foods; the inadequacy of the Company's quality and safety controls over food manufacturing; and the quality of the Company's manufacturing facilities and capabilities, specifically its Jefferson Facility.
This case was remanded to State Court on August 11, 2016.
Company & Securities Information
Defendant: Inventure Foods Incorporated
Sector: Consumer Non-Cyclical
Industry: Food Processing
Headquarters: United States
Ticker Symbol: SNAK
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Westmoreland County Employee Retirement Fund, et al. v Inventure Foods Incorporated. , et al.
COURT: D. Arizona
DOCKET #: 16-CV-01410
JUDGE: Hon. G Murray Snow
DATE FILED: 05/06/2016
CLASS PERIOD START: 08/28/2014
CLASS PERIOD END: 09/17/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gallagher & Kennedy, P.A.
First Identified Complaint (FIC) Filings:
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available