NEW YORK, Jan. 29, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Tattooed Chef, Inc. (“Tattooed Chef” or the “Company”) TTCF. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether Tattooed Chef and certain of its officers and/or directors have engaged in securities fraud or other illegal 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 and stated that such financial statements should no longer be relied upon. Tattooed Chef said it was notified in early October by its former independent registered public accounting firm, BDO USA LLP, that “the Company was incorrectly recognizing expenses related to a multi-vendor mailer program with a major client as an operating expense rather than a reduction in revenue.” has recorded , and expenditure for the placement of advertising by a marketing services company, on a straight-line basis over the term of the contract and not over the actual performance of the service.”
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.
CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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