SAN DIEGO, Dec. 30, 2022 (GLOBE NEWSWIRE) —

The class: Robbins LLP reminds investors that a shareholder has filed a class action lawsuit on behalf of all investors who have purchased or otherwise acquired Tattooed Chef, Inc. TTCF securities between March 20, 2021 and October 12, 2022 for violating the Securities Exchange Act of 1934. Tattooed Chef, Inc. is a plant-based food company offering plant-based foods. Its herbal products are available in the frozen sections of national grocery retailers across the United States, as well as on its e-commerce website.

What now: Shareholders in a similar situation may be eligible to participate in the class action lawsuit against Tattooed Chef. Shareholders who wish to be lead plaintiffs in the class action must file their filings by February 21, 2023. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Tattooed Chef, Inc. (TTCF) has misreported its financial data due to material weaknesses in internal control

According to the Complaint, the Defendants have failed to disclose that Tattooed Chef has consistently downplayed its serious internal control issues and its financial statements from March 31, 2021 to date included “certain errors” such as overstated earnings and understated losses. As a result, Tattooed Chef would have to restate its previously filed financial statements for certain periods.

On October 12, 2022, after close of trading, the company announced that it would restate its financial statements from March 31, 2021 to date, and announced for the first time that it had misrepresented sales in every quarterly report. The company also made numerous other changes to the financial statements that revealed the extent of internal control weaknesses. Special,…