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Reeds, Inc. (NYSE: REED) Investor Investigation Over Possible Wrongdoing Announced

  • Investors who purchased shares of Reeds, Inc. (NYSE: REED) shares have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Reed’s, Inc.
Security
NYSE: REED

Summary

An investigation on behalf of investors in shares of Reeds, Inc. (NYSE: REED) was announced over potential breaches of fiduciary duties by certain officers and directors at Reeds, Inc.

The investigation by a law firm concerns whether certain Reeds, Inc. (NYSE: REED officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Los Angeles, CA based Reed's, Inc. develops, manufactures, markets, and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies, and ice creams in the United States, Canada, Europe, and Asia. Reed's, Inc. reported that its annual Total Revenue declined from $42.47 million in 2016 to $37.71 million in 2017 and that its Net Loss increased from $5.00 million in 2016 to $18.37 million in 2017.

Shares of Reed's, Inc. (NYSE: REED) declined from $4.75 per share in April 2017 to as low as $1.30 per share in late 2017.

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