Investigation Overview
An investigation on behalf of investors of Level Brands Inc (NYSEAMERICAN:LEVB) shares over potential securities laws violations by Level Brands Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Level Brands Inc (NYSEAMERICAN:LEVB) concerning whether a series of statements by Level Brands Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Charlotte, NC based Level Brands, Inc. is a branding and marketing company that is focused on lifestyle-based brands The Company has four business units such as Professional products division, Licensing division, Entertainment division, and kathy Ireland Health and Wellness. Level Brands Inc went public in November 2017. Shares of Level Brands Inc (NYSEAMERICAN:LEVB) declined in late December to $4.10 per share.
On February 8, 2018, NYSEAMERICAN:LEVB shares closed at $4.25 per share.