<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="NEW YORK, NY / ACCESSWIRE / April 7, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.” data-reactid=”12″>NEW YORK, NY / ACCESSWIRE / April 7, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MGP Ingredients, Inc. (MGPI)” data-reactid=”13″>MGP Ingredients, Inc. (MGPI)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors Affected: August 2, 2018 – February 25, 2020” data-reactid=”14″>Investors Affected: August 2, 2018 – February 25, 2020
A class action has commenced on behalf of certain shareholders in MGP Ingredients, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) MGP had not completed any significant sales of its four-year-old aged whiskey inventory; (b) the Company had been unable to sell its aged whiskey at the price premium represented to investors; (c) a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company’s aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms; and (d) in light of the foregoing, the Company’s FY19 financial forecast lacked a reasonable basis and was materially misleading.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Shareholders may find more information at https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form/?id=5947&from=1” data-reactid=”16″>Shareholders may find more information at https://securitiesclasslaw.com/securities/mgp-ingredients-inc-loss-submission-form/?id=5947&from=1
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Canaan Inc. (CAN)” data-reactid=”17″>Canaan Inc. (CAN)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors Affected: publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company’s registration statement and related prospectus issued in connection with the Company’s November 20, 2019 initial public offering.” data-reactid=”18″>Investors Affected: publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company’s registration statement and related prospectus issued in connection with the Company’s November 20, 2019 initial public offering.
A class action has commenced on behalf of certain shareholders in Canaan Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the purported “strategic cooperation” was actually a transaction with a related party; (2) the company’s financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company’s largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Shareholders may find more information at https://securitiesclasslaw.com/securities/canaan-inc-loss-submission-form/?id=5947&from=1” data-reactid=”20″>Shareholders may find more information at https://securitiesclasslaw.com/securities/canaan-inc-loss-submission-form/?id=5947&from=1
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tilray, Inc. (TLRY)” data-reactid=”21″>Tilray, Inc. (TLRY)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors Affected: January 15, 2019 – March 2, 2020” data-reactid=”22″>Investors Affected: January 15, 2019 – March 2, 2020
A class action has commenced on behalf of certain shareholders in Tilray, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the purported advantages of the marketing and revenue sharing agreement with Authentic Brands Group (the “ABG Agreement”)were significantly overstated; (ii) the under performance of the ABG Agreement would foreseeably have a significant impact on the Company’s financial results; and (iii) 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="Shareholders may find more information at https://securitiesclasslaw.com/securities/tilray-inc-loss-submission-form/?id=5947&from=1” data-reactid=”24″>Shareholders may find more information at https://securitiesclasslaw.com/securities/tilray-inc-loss-submission-form/?id=5947&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="CONTACT:” data-reactid=”26″>CONTACT:
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770″ data-reactid=”27″>The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="SOURCE: The Gross Law Firm” data-reactid=”28″>SOURCE: The Gross Law Firm
View source version on accesswire.com:
https://www.accesswire.com/584346/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-MGPI-CAN-and-TLRY
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