Mealeys

Mealey's Trade Secret - Investor Suit Against Beverage Maker Dismissed For Failure To State Claim

FORT LAUDERDALE, Fla. - A federal judge in Florida on Aug. 29 held that although an investor sufficiently alleged an injury in fact to establish that he has standing to bring his securities class action against a beverage maker and certain of its senior executives, he failed to properly state a claim for relief (Thomas W. Luczak v. National Beverage Corp., et al., No. 18-61631, S.D. Fla., 2019 U.S. Dist. LEXIS 147170).
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