National Beverage Corp. is an American beverage developer, manufacturer, and distributor. It focuses on flavored soft drinks such as La Croix, Shasta, and Faygo.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that National Beverage lacked effective internal controls over financial reporting due, in part, to undisclosed channeling of expenses through off book entities and undisclosed material related parties transactions. The lawsuit claims that as a result, Defendants’ statements about National Beverage’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On September 28, 2016, Glaucus Research Group published a report revealing these details for the first time. The lawsuit claims that investors suffered damages when these details entered the market.

This case was voluntarily dismissed on January 17, 2018.