INVESTOR ALERT: Investigation on Behalf of Investors of Jamba, Inc. Announced by Law Offices of Howard G. Smith
March 19 2015 - 6:32PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of Jamba,
Inc. (“Jamba” or the “Company”) (NASDAQ:JMBA) concerning possible
violations of federal securities laws. Jamba, through its
subsidiary, Jamba Juice Company, operates and franchises Jamba
Juice stores in the United States and internationally.
On March 16, 2015, Jamba announced that the Company filed a Form
12b-25 with the Securities and Exchange Commission providing for a
15-day extension to file its Annual Report on Form 10-K for the
fiscal year ended December 31, 2014. According to a Company press
release, Jamba 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 stated that it 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…to
ensure the proper application of GAAP with respect to the Company’s
non-routine transactions.”
If you purchased Jamba shares, if you have information or would
like to learn more about these claims, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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