SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Jamba Inc.

NEW YORK, March 17, 2015 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Jamba Inc. ("Jamba" or the "Company") (NasdaqGM: JMBA -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [e-mail] or 212-697-6484.

The investigation concerns whether Jamba and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On March 16, 2014, Jamba announced that the Company filed a Form 12b-25 with the Securities and Exchange Commission providing for a 15 calendar day extension for its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. According to the Company, it had "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 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, in part attributable to employee turnover related to recently implemented cost reductions and infrastructure changes, to ensure the proper application of GAAP with respect to the Company's non-routine transactions."

On this news, shares of Jamba fell $0.68, or 4.68%, during intraday trading to trade at $13.76 on March 17, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of Jamba, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [e-mail].  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[e-mail]

 

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SOURCE Bronstein, Gewirtz & Grossman, LLC

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