Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Jamba, Inc. (“Jamba” or the
“Company”) (NASDAQ:JMBA) concerning possible violations of federal
securities laws. Jamba, through its subsidiary, Jamba Juice Company,
operates and franchises Jamba Juice stores in the United States and
internationally.
On March 16, 2015, Jamba announced that the Company filed a Form 12b-25
with the Securities and Exchange Commission providing for a 15-day
extension to file its Annual Report on Form 10-K for the fiscal year
ended December 31, 2014. According to a Company press release, Jamba
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 stated that it 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…to ensure the proper
application of GAAP with respect to the Company’s non-routine
transactions.”
If you purchased Jamba shares, if you have information or would like to
learn more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020, by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or
by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
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