NEW YORK, March 17, 2015 /PRNewswire/ -- Bronstein, Gewirtz
& Grossman, LLC is investigating potential claims on behalf of
purchasers of the securities of Jamba Inc. ("Jamba" or the
"Company") (NasdaqGM: JMBA -News). Such investors are advised
to contact Peretz Bronstein or his
investor relations coordinator Eitan
Kimelman at info@bgandg.com or 212-697-6484.
The investigation concerns whether Jamba and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On March 16, 2014, Jamba announced
that the Company filed a Form 12b-25 with the Securities and
Exchange Commission providing for a 15 calendar day extension for
its Annual Report on Form 10-K for the fiscal year ended
December 31, 2014. According to the
Company, it had "filed the Form 12b-25 because it has not yet
completed the assessment of the Company's internal control over
financial reporting and, as a result, its independent registered
public accounting firm has not completed their audit and assessment
of the Company's internal control over financial reporting. The
Company plans to report in its Form 10-K that as of December 30, 2014, a material weakness existed in
its control over financial reporting due to an insufficient
complement of finance and accounting resources within the
organization, in part attributable to employee turnover related to
recently implemented cost reductions and infrastructure changes, to
ensure the proper application of GAAP with respect to the Company's
non-routine transactions."
On this news, shares of Jamba fell $0.68, or 4.68%, during intraday trading to trade
at $13.76 on March 17, 2015.
If you are aware of any facts relating to this investigation, or
purchased shares of Jamba, you can assist this investigation by
contacting Peretz Bronstein or his
Investor Relations Coordinator Eitan
Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-jamba-inc-300051703.html
SOURCE Bronstein, Gewirtz & Grossman, LLC