The Shareholders Foundation announces that an investigation on behalf of investors of Jamba, Inc. (NASDAQ:JMBA) shares was launched over potential securities laws violations by Jamba and certain of its directors and officers.
Investors who purchased shares of Jamba, Inc. (NASDAQ:JMBA) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Jamba, Inc. (NASDAQ:JMBA) concerning whether a series of statements by Jamba, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 16, 2015, Jamba, Inc announced that it filed a Form with the Securities and Exchange Commission (“SEC”) providing for a 15 calendar day extension for its Annual Report for the fiscal year ended December 31, 2014. According to Jamba, Inc, it had filed the Form because it has not yet completed the assessment of the Company’s internal control over financial reporting and, as a result, its independent registered public accounting firm has not completed their audit and assessment of the Company’s internal control over financial reporting.
Jamba, Inc said it plans to report in its Annual Report that as of December 30, 2014, a material weakness existed in its control over financial reporting due to an insufficient complement of finance and accounting resources within the organization, in part attributable to employee turnover related to recently implemented cost reductions and infrastructure changes, to ensure the proper application of GAAP with respect to the Company’s non-routine transactions. Shares of Jamba, Inc. (NASDAQ:JMBA) declined to $13.74 per share on March 17, 2015.
On March 24, 2015, NASDAQ:JMBA shares closed at $15.35 per share.
Those who purchased shares of Jamba, Inc. (NASDAQ:JMBA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego