NewAge, Inc.

On March 26, 2024, United States District Judge Daniel D. Domenico of the District of Colorado adopted Magistrate Judge James P. O’Hara’s ruling and recommendation to appoint Faruqi & Faruqi, LLP, as sole lead counsel in Clifton v. Willis, et al., 22-cv-03161-DDD-JPO. The suit centers on allegations that Defendants made false and misleading representations that NewAge, Inc. conducted business with the military and FamilyMart, overstated other business agreements, never produced or sold a CBD infused beverage, lacked internal controls and that the Company was exposed to a heightened risk of an SEC investigation. 

For further inquiries regarding this matter, please contact James M. Wilson, Jr. at jwilson@faruqilaw.com or (212) 983-9330. 

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.