An investigation for investors in NASDAQ:SNAK shares was announced concerning potential breaches of fiduciary duties by certain Inventure Foods Inc directors.
Investors who are current long term investors in Inventure Foods Inc (NASDAQ:SNAK) shares, 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 for investors in NASDAQ:SNAK stocks follows a lawsuit filed r against Inventure Foods Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:SNAK stocks, concerns whether certain Inventure Foods directors are liable in connection with the allegations made in that lawsuit. 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, GA facility.
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 May 26, 2016, NASDAQ:SNAK shares closed at $7.23 per share.
Those who purchased NASDAQ:SNAK shares have certain options and should contact the Shareholders Foundation.
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