INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In EveryWare Global, Inc. (EVRY) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in EveryWare Global, Inc. (“EveryWare” or the “Company”) (NASDAQ: EVRY) of the December 8, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against EveryWare and certain executives.
A complaint has been filed in the Southern District of Ohio on behalf of all persons who purchased EveryWare securities from June 18, 2013 through May 16, 2014, inclusive (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, EveryWare falsely represented that (i) the Company’s mature business segments and recurring revenue model had been increasing and would grow significantly in the second half of 2013 through 2014; (ii) the Company’s cash flows were sufficient to meet its liquidity needs; and (iii) the Company was compliant with its debt covenants, and that its debt was being actively managed and would be reduced significantly.
On May 15, 2014, EveryWare announced a net loss for the first quarter of 2014 and disclosed that it was in default on its debt covenants.
Following this news, the price of EveryWare’s stock declined by $0.44, or over 31%, to close at $0.94 on May 16, 2014.
If you invested in EveryWare stock or options between June 18, 2013 through May 16, 2014, and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding EveryWare’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.