DEADLINE TODAY: Khang & Khang LLP Announces Securities Class Action Lawsuit against Inventure Foods, Inc. and Reminds Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / May 30, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against Inventure Foods, Inc. ("Inventure" or the "Company") (SNAK). Investors, who purchased or otherwise acquired shares between March 3, 2016 and March 16, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm by the May 30, 2017 lead plaintiff motion deadline.
If you purchased Inventure shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint states that during the Class Period, Inventure made false and/or misleading statements and/or failed to disclose: that the Company lacked adequate internal controls over accounting and financial reporting; that Inventure's statements of operations in its fiscal year 2015 results press release contained incorrect figures; and that as a result of the above, the Company's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. On March 9, 2017, Inventure revealed that it would delay its annual filing on Form 10-K for its fiscal year ended December 31, 2016. On March 16, 2017, Inventure filed a notice with the Securities and Exchange Commission revealing that it would delay its 2016 fiscal year annual report. The Company also said that it believes its statements of operations contained in the annual report "will differ materially" from those reported for its fourth quarter and fiscal year 2015. When this news was announced, Inventure's stock price fell materially, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contact:
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
