NEW YORK, NY / ACCESSWIRE / January 23, 2023 / Pomerantz LLP is investigating claims on behalf of investors of Tattooed Chef, Inc. ("Tattooed Chef" or the "Company") (NASDAQ:TTCF). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Tattooed Chef and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 12, 2022, Tattooed Chef announced that it would restate its quarterly and annual financial statements for 2021 and for its first and second quarterly financial periods of 2022, stating that these financial statements should no longer be relied upon. Tattooed Chef said that it was notified earlier tin October by its former independent registered public accounting firm, BDO USA LLP, that "the company incorrectly recorded expenses related to a multi-vendor mailer program with a large customer as operating expenses rather than reduction of revenue, and expenses for advertising placement by a marketing services firm on a straight-line basis over the life of the contract rather than when the services were actually rendered."
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, 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.
SOURCE: Pomerantz LLP