3rdPartyFeeds

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Canopy Growth (CGC) Investors with $500K+ Losses to Contact Its Attorneys, Fraudulent Period Expanded in Securities Class Action

Hagens Berman urges Canopy Growth Corporation (NYSE: CGC) investors who have suffered losses in excess of $500,000 to submit their losses now to learn if they qualify to recover compensable damages. A new class action complaint has been filed against the company and senior executives, extending the fraudulent period back to Sept. 8, 2018. Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ — Hagens Berman urges Canopy Growth Corporation (NYSE: CGC) investors who have suffered losses in excess of $500,000 to submit their losses now to learn if they qualify to recover compensable damages.&nbsp; A new class action complaint has been filed against the company and senior executives, extending the fraudulent period back to Sept. 8, 2018.&nbsp;” data-reactid=”12″>SAN FRANCISCO, Dec. 12, 2019 /PRNewswire/ — Hagens Berman urges Canopy Growth Corporation (NYSE: CGC) investors who have suffered losses in excess of $500,000 to submit their losses now to learn if they qualify to recover compensable damages.  A new class action complaint has been filed against the company and senior executives, extending the fraudulent period back to Sept. 8, 2018. 

Hagens Berman Sobol Shapiro LLP

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Class Period:&nbsp;Sept. 8, 2017 – Nov. 13, 2019
Lead Plaintiff Deadline:&nbsp;Jan. 21, 2020
Sign Up:&nbsp;https://www.hbsslaw.com/investor-fraud/CGC
Contact An Attorney Now: [email protected]&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844-916-0895” data-reactid=”24″>Class Period: Sept. 8, 2017 – Nov. 13, 2019
Lead Plaintiff Deadline: Jan. 21, 2020
Sign Up: https://www.hbsslaw.com/investor-fraud/CGC
Contact An Attorney Now: [email protected] 
                                              844-916-0895

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Canopy Growth (CGC) Securities Class Action:” data-reactid=”25″>Canopy Growth (CGC) Securities Class Action:

The complaint alleges that throughout the Class Period Defendants falsely represented and failed to disclose that: (i) Canopy had exaggerated and/or overestimated the potential market for its products in Canadian retail stores; (ii) as a result, Canopy had failed to properly account for inventory and demand for its products, leading to inventory write-offs and restructuring charges; (iii) all of the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The complaint alleges that the true details regarding Canopy's business and prospects entered the market on Nov. 14, 2019, when the Company announced a disappointing 2Q 2020 earnings, blaming the poor results on inventory write-offs and restructuring charges for product returns, return provisions and pricing allowances.&nbsp;” data-reactid=”27″>The complaint alleges that the true details regarding Canopy’s business and prospects entered the market on Nov. 14, 2019, when the Company announced a disappointing 2Q 2020 earnings, blaming the poor results on inventory write-offs and restructuring charges for product returns, return provisions and pricing allowances. 

This news caused the price of Canopy Growth shares to decline, damaging Canopy investors.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you invested in Canopy Growth between Sept. 8, 2017 and Nov. 13, 2019 and suffered significant losses (in excess of $500,000), you may qualify to be a lead plaintiff&nbsp;– one who selects and oversees the attorneys prosecuting the case.&nbsp; Contact Hagens Berman immediately to obtain additional information about this case or being a lead plaintiff.” data-reactid=”29″>If you invested in Canopy Growth between Sept. 8, 2017 and Nov. 13, 2019 and suffered significant losses (in excess of $500,000), you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.  Contact Hagens Berman immediately to obtain additional information about this case or being a lead plaintiff.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content=""We're focused on recovering investors' losses and determining whether Canopy executives misstated financials while lining their pockets with excessive compensation," said Reed Kathrein, the Hagens Berman partner leading the investigation.” data-reactid=”30″>”We’re focused on recovering investors’ losses and determining whether Canopy executives misstated financials while lining their pockets with excessive compensation,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you purchased shares of Canopy Growth and suffered significant losses, click here to discuss your legal rights with Hagens Berman.” data-reactid=”31″>If you purchased shares of Canopy Growth and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Whistleblowers: Persons with non-public information regarding Canopy Growth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].” data-reactid=”32″>Whistleblowers: Persons with non-public information regarding Canopy Growth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.” data-reactid=”33″>About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Contact:
Reed Kathrein, 844-916-0895″ data-reactid=”34″>Contact:
Reed Kathrein, 844-916-0895

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="View original content to download multimedia:http://www.prnewswire.com/news-releases/hagens-berman-national-trial-attorneys-encourages-canopy-growth-cgc-investors-with-500k-losses-to-contact-its-attorneys-fraudulent-period-expanded-in-securities-class-action-300974440.html” data-reactid=”46″>View original content to download multimedia:http://www.prnewswire.com/news-releases/hagens-berman-national-trial-attorneys-encourages-canopy-growth-cgc-investors-with-500k-losses-to-contact-its-attorneys-fraudulent-period-expanded-in-securities-class-action-300974440.html

SOURCE Hagens Berman Sobol Shapiro LLP

Read More

Add Comment

Click here to post a comment