NEW YORK, March 16, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Jamba, Inc. ("Jamba" or the "Company") (NASDAQ: JMBA). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether Jamba and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On March 16, 2014, Jamba announced that the Company filed a Form 12b-25 with the Securities and Exchange Commission providing for a 15 calendar day extension for its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. According to the Company, it had "filed the Form 12b-25 because it has not yet completed the assessment of the Company's internal control over financial reporting and, as a result, its independent registered public accounting firm has not completed their audit and assessment of the Company's internal control over financial reporting. The Company plans to report in its Form 10-K that as of December 30, 2014, a material weakness existed in its control over financial reporting due to an insufficient complement of finance and accounting resources within the organization, in part attributable to employee turnover related to recently implemented cost reductions and infrastructure changes, to ensure the proper application of GAAP with respect to the Company's non-routine transactions."

On this news, shares of Jamba fell $0.53 per share to $13.90, or more than 3.67%, in after-hours trading on March 16, 2015.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, 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, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm 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.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

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SOURCE Pomerantz LLP