SAN DIEGO, CA / ACCESSWIRE / April 17, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain purchasers of (NASDAQ: SNAK) shares against Inventure Foods Inc. over alleged Violations of Securities Laws.
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.
On March 9, 2017, Inventure Foods Inc. disclosed that it would not be able to timely file its annual report on Form 10-K for its fiscal year ended December 31, 2016, and that it expected to file a notification of late filing on Form 12b-25 with the SEC to obtain a 15-day extension of the filing deadline for the Form 10-K. Inventure Foods Inc. claimed it needed additional time to complete certain intangible asset and goodwill impairment tests, and that, as a result, the Company's independent registered public accounting firm had not completed its audit of the Company's financial statements and the assessment of the Company's internal control over financial reporting.
On March 16, 2017, Inventure Foods Inc. filed a notice of late filing with the SEC disclosing that the Company would not file its fiscal year 2016 annual report on time. Inventure Foods Inc. further disclosed that it anticipates that its statements of operations contained in the annual report "will differ materially" from those reported for its fourth quarter and fiscal year 2015.
On March 28, 2017, a lawsuit was filed against Inventure Foods Inc. over alleged securities laws violations. The plaintiff claims that the defendants failed to disclose that Inventure Foods Inc. lacked adequate internal controls over accounting and financial reporting, that, as a result, the Company's statements of operations in its fiscal year 2015 results press release contained incorrect figures, and that, as a result of the foregoing, defendants' statements about Inventure Foods's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
The plaintiff seeks to recover losses for certain investors who purchased (NASDAQ: SNAK) shares.
Those who purchased Inventure Foods Inc. (NASDAQ: SNAK) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North, Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
ReleaseID: 459841
