Stock-Drop Suit Against LaCroix Maker Fizzles Out

Law360 (August 29, 2019, 9:16 PM EDT) -- National Beverage Corp. dodged securities claims on Thursday related to sexual harassment allegations faced by its top executive and accusations that its flagship product, LaCroix, is not as "all natural" as it purports.

U.S. District Judge K. Michael Moore dismissed a putative class action brought last year by an investor who claimed the beverage company should be held liable for a stock price plummet that occurred after allegations of harassment by CEO Nick Caporella emerged.

Shareholder Thomas W. Luczak said the allegations belied National Beverage's code of ethics and that the company had made other false representations — about LaCroix being...

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