The Shareholders Foundation announces that an investor, who purchased shares of Everyware Global Inc (NASDAQ:EVRY), filed a lawsuit in the U.S. District Court for the District Court for the Southern District of Ohio over alleged violations of Federal Securities Laws by Everyware Global in connection with certain allegedly false and misleading statements made between June 18, 2013 and May 16, 2014.
Investors who purchased shares of Everyware Global Inc (NASDAQ:EVRY) have certain options and for certain investors are short and strict deadlines running. Deadline: December 8, 2014. NASDAQ:EVRY investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Everyware Global Inc (NASDAQ:EVRY) common shares between June 18, 2013 and May 16, 2014, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between June 18, 2013 and May 16, 2014 E 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.
On October 21, 2014, NASDAQ:EVRY shares closed at $21.68 per share.
Those who purchased shares of Everyware Global Inc have certain options and should contact the Shareholders Foundation.
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