The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Inventure Foods, Inc. (NASDAQ: SNAK) who purchased shares between March 3, 2016 and March 16, 2017. The action, which was filed in the United States District Court for the District of Arizona, alleges that the Company violated federal securities laws.
In particular, the complaint alleges that (1) Inventure lacked adequate internal controls over accounting and financial reporting; (2) as a result, Inventure’s statements of operations in its fiscal year 2015 results press release contained improper figures; and (3) consequently, Defendants’ statements about Inventure’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Shareholders have until May 30, 2017 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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