Verus International, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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Lesley F. Portnoy, Esq.,
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Los Angeles, CA 90067
It is alleged in this complaint that Verus, throughout the Class Period, made misleading and/or false statements and/or failed to disclose that: (1) Verus lacked the requisite resources, infrastructure and/or expertise required to exploit its Major League Baseball (MLB) license and its Big League Foods brand; (2) Verus’ issues in production ramp-up were not fully resolved in order to enable Verus to fulfill its customer’s orders; (3) the Verus’ prospects and outlook were not as represented, as a result; (4) Verus’ internal controls for financial reporting and accounting were insufficient with specific respect to stock-based compensation, as well as classification of equity instruments; (5) Verus’ financial results, outlook and prospects were materially worse than represented, as a result; and (6) Verus’ public statements were materially false and misleading at all relevant times, as a result of the foregoing. The lawsuit claims that investors suffered damages when the true details entered the market.