Robbins Arroyo LLP: Shareholder Lawsuit Filed Against Officers and Directors of National Beverage Corp. (FIZZ)

Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of National Beverage Corp (Nasdaq: FIZZ) has filed a shareholder lawsuit against the company’s officers and directors for breaches of fiduciary duties from July 17, 2014 through the present. National Beverage, through its subsidiaries, develops, produces, markets, and sells flavored beverages in North America and internationally.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/national-beverage-corp-nov-2018/

National Beverage Accused of Making Misleading Statements

According to the complaint, National Beverage made a series of false and misleading statements to the investing public. For example, National Beverage falsely touted that it “utilize[s] two proprietary techniques¦ [that] create growth never before thought imaginable.” These statements were false because the company’s “proprietary techniques” lacked a verifiable basis and were in fact questioned by the SEC. The company also flaunted its Code of Ethics, which promoted a positive work environment and prohibited any type of harassment. Violating this stated policy, Nick Caporella, the company’s Chairman and Chief Executive Officer, has been sued for engaging in a pattern of sexual misconduct between 2014 and 2016. National Beverage also failed to disclose certain compensation received by Caporella, including use of the company jet for personal means, and that he engages in unreported third party transactions with Broad River Aviation, Inc. Each revelation of false information has caused National Beverage’s stock to decline over the years, causing damage to shareholders and loss of market capitalization.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

National Beverage Shareholders Have Legal Options

If you would like more information about your rights and potential remedies, contact attorney Leonid Kandinov at (800) 350-6003, [email protected], or via the shareholder information form on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.

Attorney Advertising. Past results do not guarantee a similar outcome.

Robbins Arroyo LLP
Leonid Kandinov
[email protected]
(619)
525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close