NBEVQ LAWSUIT ALERT: Levi & Korsinsky Notifies NewAge, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Dec. 29, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in NewAge, Inc. ("NewAge" or the "Company") (OTC Other: NBEVQ) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NewAge investors who were adversely affected by alleged securities fraud between January 18, 2018 and October 18, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/newage-class-action-submission-form?prid=35091&wire=4

NBEVQ investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company and defendants had no relationship with the military or FamilyMart; (2) the Company and defendants overstated the business agreements that they did have; (3) the Company and defendants never produced or sold a proprietary CBD beverage; (4) the Company lacked adequate internal controls; (5) as a result the Company had a heightened risk of regularly scrutiny and ultimately subject to an SEC investigation and action; and (6) as a result of the foregoing, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT'S NEXT? If you suffered a loss in NewAge during the relevant time frame, you have until February 6, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nbevq-lawsuit-alert-levi--korsinsky-notifies-newage-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301710828.html

SOURCE Levi & Korsinsky, LLP