StockNews.AI
COCO
StockNews.AI
83 days

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Vita Coco Company, Inc. - COCO

1. Pomerantz LLP is investigating Vita Coco for potential securities fraud. 2. NINGI Research claims Vita Coco misled investors about growth and operations. 3. Vita Coco may lose a key Costco contract, impacting 25% of sales. 4. Internal issues like supply chain mismanagement are reported within the company. 5. Stock price dropped 11% to $31.55 following the allegations.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The loss of key contracts and allegations of fraud create deep investor concerns, similar to past SEC investigations that severely affected stock prices. Historical cases, like that of Under Armour, saw stock drops due to similar investor trust issues.

How important is it?

The potential class action lawsuit and loss of significant contract directly threaten Vita Coco's financial health and investor trust, which are critical for stock performance.

Why Short Term?

Immediate effects on stock price are evident from significant drop post-announcement; however, long-term may stabilize if issues are resolved.

Related Companies

Pomerantz LLP Investigates The Vita Coco Company, Inc.

NEW YORK, May 12, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Vita Coco Company, Inc. ("Vita Coco" or the "Company") (NASDAQ: COCO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Vita Coco and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

Click here for information about joining the class action

On March 26, 2025, NINGI Research published a report alleging that Vita Coco has misled investors about its growth and operations. Among other allegations, the report asserts that Vita Coco is set to lose a key contract with Costco that represents roughly 25% of Vita Coco's net sales. The report also claims that Vita Coco is facing internal operational issues including supply chain mismanagement, related-party transactions, and poor performance outside of its core coconut water business.

On this news, Vita Coco's stock price fell $3.90 per share, or 11%, to close at $31.55 per share on March 26, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Related News