Lawsuit filed for Investors in shares of Tattooed Chef, Inc. (NASDAQ: TTCF)

An investor, who purchased shares of Tattooed Chef, Inc. (NASDAQ: TTCF), filed a lawsuit over alleged violations of Federal Securities Laws by Tattooed Chef, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Tattooed Chef, Inc. (NASDAQ: TTCF) have certain options and for certain investors are short and strict deadlines running. Deadline: February 21, 2023. Tattooed Chef, Inc. (NASDAQ: TTCF investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 16, 2022, Tattooed Chef, Inc. announced its fourth quarter and full year 2021 financial results. Tattooed Chef, Inc. reported that its annual Total Revenue rose from $148.49 million in 2020 to $213.43 million in 2021, and that its Net Income of $67.24 million in 2020 turned to a Net Loss of $87.4 million in 2021.

Then on October 12, 2022, after market hours, Tattooed Chef, Inc. announced that it would restate its quarterly and annual financial statements for 2021, and for its first and second quarterly financial periods of 2022. Tattooed Chef stated these financial statements should no longer be relied upon.

Shares of Tattooed Chef, Inc. (NASDAQ: TTCF) declined from $13.23 per share in late March 2022, to as low as $4.05 per share on October 13, 2022.

The plaintiff claims that between March 20, 2021 and October 12, 2022, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that Tattooed Chef continuously downplayed its serious issues with internal controls, that Tattooed Chef's financial statements from March 31, 2021 to the present included "certain errors" such as overstating revenue and understating losses, that as a result, Tattooed Chef would need to restate its previously filed financial statements for certain periods, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Tattooed Chef, Inc. (NASDAQ: TTCF) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.