NEW YORK, NY --(Marketwired - November 26, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in EveryWare Global, Inc. ("EveryWare" or the "Company") (
A complaint has been filed in the Southern District of Ohio on behalf of all persons who purchased EveryWare securities from June 18, 2013 through May 16, 2014, inclusive (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, EveryWare falsely represented that (i) the Company's mature business segments and recurring revenue model had been increasing and would grow significantly in the second half of 2013 through 2014; (ii) the Company's cash flows were sufficient to meet its liquidity needs; and (iii) the Company was compliant with its debt covenants, and that its debt was being actively managed and would be reduced significantly.
On May 15, 2014, EveryWare announced a net loss for the first quarter of 2014 and disclosed that it was in default on its debt covenants.
Following this news, the price of EveryWare's stock declined by $0.44, or over 31%, to close at $0.94 on May 16, 2014.
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Take Action
If you invested in EveryWare stock or options between June 18, 2013 through May 16, 2014, and would like to discuss your legal rights, visit www.faruqilaw.com/EVRY . You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com . Faruqi & Faruqi, LLP also encourages anyone with information regarding EveryWare's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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