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Levi & Korsinsky Announces FIZZ Lawsuit, Class Action Commences

Levi & Korsinsky

July 18, 2018

NEW YORK, July 18, 2018 – Levi & Korsinsky, LLP announces a class action on behalf of all persons or entities who purchased or otherwise acquired securities of National Beverage Corp. (“National Beverage”) (NASDAQ: FIZZ) between July 17, 2014 and July 3, 2018. You are hereby notified that the FIZZ class action lawsuit has been commenced in the United States District Court for the Southern District of Florida. To get more information about the FIZZ lawsuit click here: http://www.zlk.com/pslra-d/fizz-lawsuit or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) National Beverage’s sales claims and its supposed “proprietary techniques” lacked a verifiable basis; (2) the Company’s Chairman and CEO engaged in a pattern of sexual misconduct between 2014 and 2016; and (3) as a result, National Beverage’s public statements were materially false and misleading at all relevant times.

On May 4, 2017, National Beverage 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 asserted that it “utilize[s] two proprietary techniques to magnify these measures and this creates growth never before thought possible.” Then on June 26, 2018 the Wall Street Journal reported that National Beverage had declined to provide the U.S. Securities and Exchange Commission with requested sales figures to clarify their sales claims. Then on July 3, 2018, the Wall Street Journal published an article reporting that two pilots had filed lawsuits alleging that National Beverage’s CEO had sexually harassed them.

If you suffered a loss in National Beverage you have until September 17, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.