On or around 01/22/2018 (Other)
Filing Date: October 06, 2016
According to the law firm press release, the lawsuit alleges 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.
Company & Securities Information
Defendant: National Beverage Corp.
Sector: Consumer Non-Cyclical
Industry: Beverages (Non-Alcoholic)
Headquarters: United States
Ticker Symbol: FIZZ
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
John Dermody, et al. v. National Beverage Corp., et al.