The Vita Coco Company, Inc. (COCO) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Mar 26, 2025--
Law Offices of Howard G. Smith announces an investigation on behalf of The Vita Coco Company, Inc. (“Vita Coco” or the “Company”) (NASDAQ: COCO ) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE VITA COCO COMPANY, INC. (COCO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On March 26, 2025, NINGI Research published a report alleging that Vita Coco is “suffering from structural internal deficiencies, such as undisclosed related-party transactions and supply chain mismanagement.” The report alleges “Vita Coco misled investors about its 2018 acquisition of energy drink ‘Runa’” by failing to disclose a “related-party transaction.” The report further alleges the Company’s largest private label customer, Costco, “is moving to source Kirkland Coconut Water from a Vita Coco competitor” and “will ultimately terminate its contract with the company” “after Vita Coco failed to deliver reliably last year.” The report concludes this “will result in an estimated $90 million revenue shortfall for Vita Coco by the end of 2025.”
On this news, Vita Coco’s stock price fell $3.90, or 11%, to close at $31.55 per share on March 26, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Vita Coco securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250326777137/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2025.
PUB: 03/26/2025 05:31 PM/DISC: 03/26/2025 05:32 PM
http://www.businesswire.com/news/home/20250326777137/en
