| Company: | EveryWare Global, Inc |
| Ticker Symbol: | EVRY |
| Class Period: | Jun-18-13 to May-16-14 |
| Date Filed: | Oct-16-14 |
| Lead Plaintiff Deadline: | Dec-15-14 |
| Court: | Southern District of Ohio |
| Allegations: | |
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company' mature business segments and recurring revenue model was growing and would accelerate significantly in the second half of 2013 through 2014, that the Company' cash flows were insufficient to meet the Company' liquidity needs, and that the Company was in compliance with its debt covenants, and that its debt was being actively managed and would be reduced significantly.
According to the complaint, following the Company' May 15, 2014 announcement of a net loss for the first quarter of 2014, that it was in default on its debt covenants, that it was temporarily closing two of its factories and furloughing workers in order to conserve cash and reduce inventory, and that the Company' cash flows from operating activities with the credit facility would not be expected to fund operations in the near future, the value of EveryWare shares declined significantly.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
