Cision PR Newswire
NBEVQ ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of February 6, 2023 in the Class Action Filed on Behalf of NewAge, Inc. Shareholders
News provided byThe Klein Law Firm
Jan 24, 2023, 5:45 AM ET
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of NewAge, Inc. (OTC Other: NBEVQ) alleging that the Company violated federal securities laws.
Class Period: January 18, 2018 to October 18, 2022
Lead Plaintiff Deadline: February 6, 2023
No obligation or cost to you.
Learn more about your recoverable losses in NBEVQ:
NewAge, Inc. NEWS - NBEVQ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that NewAge, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company and defendants had no relationship with the military or FamilyMart; (2) the Company and defendants overstated the business agreements that they did have; (3) the Company and defendants never produced or sold a proprietary CBD beverage; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in NewAge you have until February 6, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased NewAge securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the NBEVQ lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/newage-inc-loss-submission-form?id=35835&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
View original content:https://www.prnewswire.com/news-releases/nbevq-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-february-6-2023-in-the-class-action-filed-on-behalf-of-newage-inc-shareholders-301728800.html
SOURCE The Klein Law Firm