Nick Caporella, the 82-year-old billionaire CEO of National Beverage Corp. (FIZZ) , has been accused of sexual harassment by two pilots who say Caporella touched them inappropriately while they were flying with him in his business jet on multiple trips.

Caporella and National Beverage Corp. were named as defendants in lawsuits filed by the two former employees in the past two years in Florida, according to published media reports on Tuesday.

Caporella, chairman, chief executive and controlling shareholder of National Beverage, is also a pilot. He and the company have denied the allegations, according to court documents.

According to a report in the Wall Street Journal, the lawsuits claim the unwanted touching occurred on more than 30 trips from 2014 to 2016, and Glenn Waldman, an attorney for Caporella and National Beverage, called the allegations false and "scurrilous."

Shares of National Beverage, which makes LaCroix Sparkling Water, were down 1.66% in after-hours trade Tuesday.

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://www.thestreet.com/amp/markets/ceo-of-national-beverage-accused-of-sexual-harassment-reports-14641860