LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Inventure Foods Inc. (“Inventure” or the “Company”) (Nasdaq: SNAK) concerning possible violations of federal securities laws.
“its statements of operations contained in the Annual Report will differ materially from those reported for its fourth quarter and fiscal year 2015.”
The investigation is centered on whether Inventure and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Inventure released a Form NT 10-K with the U.S. Securities & Exchange Commission, stating that the Company would delay filing its 2016 annual report. The Company further disclosed that it hopes that “its statements of operations contained in the Annual Report will differ materially from those reported for its fourth quarter and fiscal year 2015.” When this information was disclosed to investors, the value of Inventure fell, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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