Denver-Based Berens Law LLC Encourages NewAge, Inc. Shareholders to Consider Their Legal Options With Respect to the Pending Class Action Lawsuit

December 23, 2022 -- Denver-based Berens Law LLC today encouraged purchasers of NewAge, Inc. (NASDAQ: NBEV; OTC: NBEVQ) securities between January 18, 2018 and October 18, 2022, inclusive (the "Class Period") to consider their legal options in connection with the securities class action pending in federal district court in Denver, Colorado.

What actions may I take at this time?

If you purchased NewAge, Inc. securities during the Class Period, you may, no later than February 6, 2023, request that the Court appoint you as a lead plaintiff for the Class. A lead plaintiff is a class member that acts on behalf of other investors in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

For a free consultation regarding your legal options, please contact Jeffrey A. Berens, Esq., at 303-861-1764, via email at jeff@jberenslaw.com, or visit our website at www.jberenslaw.com to submit your NewAge trades and contact information.

What are the allegations in the complaint?

NewAge, Inc. purports to be an "organic and healthy products company intending to become the world's leading social selling and distribution company." According to the complaint, defendants failed to disclose that: (i) NewAge and defendants had no relationship with the military or FamilyMart, a major Japanese retailer that purportedly placed an order with NewAge to sell NewAge's beverage products in 15,000 of its outlets; (ii) NewAge and defendants overstated the business agreements that they did have; (iii) NewAge and defendants never produced or sold a proprietary beverage; (iv) NewAge lacked adequate internal controls; and (v) as a result, NewAge had a heightened risk of regular scrutiny and ultimately subject to an SEC investigation and action.

Contact Information.

Jeffrey A. Berens, Esq.
Berens Law LLC
2373 Central Park Boulevard
Suite 100
Denver, CO 80238-2300
Tel: (303) 861-1764

About Berens Law LLC.

Berens Law LLC, located in Denver, Colorado, represents investors in securities class action and shareholder derivative lawsuits, and over the years has recovered hundreds of millions of dollars for clients. For more information, please go to: www.jberenslaw.com.

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This release was published on openPR.