Verus International, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
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.