An investor in NASDAQ:SNAK shares filed a lawsuit over alleged Securities Laws violations by Inventure Foods Inc in connection with a stock offering.
Investors who purchased shares of Inventure Foods Inc (NASDAQ:SNAK)have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges that Inventure Foods Inc raised more than $50 million in a stock offering but shares of Inventure Foods Inc declined 30% last year following a recall involving listeria-linked food processed months prior to the offering.
In September 2014 Inventure Foods Inc held a secondary offering and in the offering’s Registration Statement, public statements and other documents filed with the SEC in the months after the offering, Inventure Foods Inc has repeatedly stressed the quality of its products enhanced by its innovative manufacturing processes.
On January 18, 2015 Inventure Foods Inc had issued a precautionary recall of its RADER FARMS Fresh Start Smoothie Blend, Fresh Start Sunrise Refresh Fusion, and Fresh Start Daily Power Fusion because of a potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.
On April 23, 2015 Inventure Foods Inc has issued a voluntary recall of certain varieties of its Fresh Frozen™ line of frozen vegetables, as well as select varieties of its Jamba “At Home” line of smoothie kits, due to the finding of Listeria monocytogenes, in its Jefferson, GAfacility.
Shares of Inventure Foods Inc (NASDAQ:SNAK) declined from $13.84 per share in December 2014 to as low as $4.91 per share in Fberuary 2016.
On April 19, 2016, NASDAQ:SNAK shares closed at $6.95 per share.
Those who purchased NASDAQ:SNAK shares 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