Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

COCO INVESTOR ALERT: Kirby McInerney LLP Investigates Potential Claims Involving The Vita Coco Company, Inc.

businesswire.com
COCO The article details an investigation into Vita Coco by a law firm due to allegations of misleading investors about growth and operations, including potential loss of a major contract and internal issues. This led to a significant stock price decline.

COCO INVESTOR ALERT: Kirby McInerney LLP Investigates Potential Claims Involving The Vita Coco Company, Inc. NEW YORK--( BUSINESS WIRE)--The law firm of Kirby McInerney LLP continues its investigation on behalf of The Vita Coco Company, Inc. (“Vita Coco” or the “Company”) (NASDAQ:COCO) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws and other unlawful business practices.

[ LEARN MORE ABOUT THE INVESTIGATION]

What Happened?

On March 26, 2025, NINGI Research published a report alleging that Vita Coco had misled investors about its growth and operations. According to the report, the Company was close to losing a contract with Costco that accounted for about 25% of its sales. The report also claims that Vita Coco is facing internal operational issues including supply chain mismanagement, related-party transactions, and poor performance outside of its core coconut water business. On this news, the price of Vita Coco shares declined by $3.90 per share, or approximately 11%, from $35.45 per share on March 25, 2025 to close at $31.55 on March 26, 2025.

What Should I Do?

At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.

If you purchased or otherwise acquired Vita Coco securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.