National Beverage Corp. (NASDAQ: FIZZ) Investor Securities Class Action Lawsuit 07/17/2018

If you purchased a significant amount of shares of National Beverage Corp. (NASDAQ: FIZZ) between July 17, 2014 and July 3, 2018, and / or if you purchased any NASDAQ: FIZZ shares prior to July 2014 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: September 17, 2018. NASDAQ: FIZZ investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
National Beverage
Case Name: 
National Beverage Shareholder Class Action Lawsuit 07/17/2018
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: FIZZ
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
07/17/2018
Class Period Begin: 
07/17/2014
Class Period End: 
07/03/2018
Court of Filing: 
U.S. District Court for the Southern District of Florida
Deadline To File for Lead: 
09/17/2018
Summary: 

An investor in shares of National Beverage Corp. (NASDAQ: FIZZ) filed a lawsuit in the U.S. District Court for the Southern District of Florida over alleged violations of Federal Securities Laws by National Beverage Corp. in connection with certain allegedly false and misleading statements made between July 17, 2014 and July 3, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of National Beverage Corp. (NASDAQ: FIZZ) common shares between July 17, 2014 and July 3, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 17, 2014 and July 3, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that National Beverage’s sales claims and the supposed underlying “proprietary techniques” lacked a verifiable basis, that National Beverage’s Chairman and Chief Executive Officer (“CEO”), Defendant Nick A. Caporella (“Caporella”), engaged in a pattern of sexual misconduct between 2014 and 2016, and that as a result, National Beverage’s public statements were materially false and misleading at all relevant times.

On May 4, 2017, National Beverage Corp, the maker of LaCroix sparkling water, issued a press release stating that it "employs methods that no other company does in this area—VPO (velocity per outlet) and VPC (velocity per capita)." National Beverage Corp asserted that it "utilize[s] two proprietary techniques to magnify these measure and this creates growth never before thought possible."

On May 5, 2017, National Beverage Corp issued a second press release, stating that "[o]ur impressive VPO calculator . . . is flashing solid green numbers as we bring FY2017 to a close."

On June 26, 2018, an article was published entitled "The SEC Has Had Its Own Questions About LaCroix", reporting that National Beverage Corp had "declined to provide" the U.S. Securities and Exchange Commission ("SEC") "with requested sales figures to clarify [National Beverage's] sales claims", following a letter request from the SEC in January 2018.

Shares of National Beverage Corp. (NASDAQ: FIZZ) declined on June 27, 2018 to a slow as 95.68 per share.

On July 17, 2018, NASDAQ: FIZZ shares closed at $108.62 per share.