NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) —

WHY:Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of Tattooed Chef, Inc. TTCF following allegations that Tattooed Chef may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased Tattooed Chef securities, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9201 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.

WHAT IS THIS ABOUT: On October 12, 2022, after market close, Tattooed Chef announced that it would restate its quarterly and annual financial statements for 2021 and for its first and second quarterly financial periods in 2022. Tattooed Chef indicated that these degrees should no longer be relied upon.

Tattooed Chef said the restatements came after it was notified earlier this month by its former independent registered public accounting firm, BDO USA LLP, that “the Company has incurred expenses related to a multi-vendor mailer program with a large incorrectly accounted for customers as an operating expense rather than reducing revenue and expenses for the placement of advertising by a marketing services company on a straight-line basis over the contract period rather than actual service delivery.”

As a result of this news, Tattooed Chef stock prices fell $0.44, or approximately 9.8%, to open on October 13, 2022 at $4.05 per share.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Often companies that issue notices do not have comparable experience, resources or other…