The Shareholders Foundation announces that an investigation on behalf of investors, who purchased shares of Everyware Global Inc (NASDAQ:EVRY) on September 13, 2013, was launched concerning potential securities laws violations in connection with the secondary offering by Everyware Global Inc.
Investors who are current long term investors in Everyware Global Inc (NASDAQ:EVRY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on potential violations of Federal Securities Laws in connection with secondary offering on September 13, 2013
A lawsuit was recently filed against Everyware Global Inc over alleged securities laws violations in connection with certain allegedly false and misleading statements made between June 18, 2013 and May 16, 2014. More specifically, the plaintiff claims that between June 18, 2013 and May 16, 2014 Everyware Global Inc made allegedly false and/or misleading statements, as well as allegedly failed to disclose material adverse facts about EveryWare’s business, operations, and prospects, and that when this adverse information became known, the Company’s share prices declined significantly.
Everyware Global Inc reported that its annual Total Revenue rose from $421.69 million in 2012 to $439.81 million in 2013 while its respective Net Loss increased from $3.96 million to $17.40 million.
On May 15, 2014, Everyware Global Inc announced its first quarter 2014 financial results. Everyware Global Inc announced that its total revenue for the first quarter of 2014 decreased $4.5 million, or 4.5%, to $94.8 million from $99.3 million in the first quarter of 2013 and that its Net loss totaled $38.4 million for the first quarter of 2014, compared to net income of $0.2 million for the first quarter of 2013.
Shares of Everyware Global Inc (NASDAQ:EVRY) declined from $12.95 per share in September 2013 to as low as $0.939 per share on May 16, 2014, respectively $0.65 per share on December 17, 2014.
On January 12, 2015, NASDAQ:EVRY shares closed at $0.70 per share.
Those who purchased shares of Everyware Global Inc (NASDAQ:EVRY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com