Recent Security Class Actions

The Complaint alleges that during the Class Period, Verus and certain executives made material misrepresentations and/or omitted the material information concerning: Verus’ ability to exploit its Big League Foods brand and the Major League Baseball License; the Company’s issues in production ramp-up related to Big League Foods and Verus’s ability timely satisfy demand and fulfill customer orders; the status of Verus’ controlling interest in ZC Top Apparel Manufacturing (“ZTAM”); Verus’ ability to unlock the capacity of ZTAM’s facilities to produce millions of masks; the status and strength of the Company’s working relationship with ZTAM; the accuracy of the Company’s financial results, business outlook and prospects; and that as a result of the foregoing, Verus’ public statements were materially false and misleading at all relevant times.