CANOPY GROWTH 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Canopy Growth Corporation - CGC

These actions are pending in the United States District Courts for the District of New Jersey and Southern District of New York.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Saturday, January 18, 2020
Information
Tags: 
Legal, Professional services, Charles Foti, Foti, Securities regulation in the United States, LOUISIANA, New Orleans
Geotags: 
United States, LOUISIANA
⚠generated by AI ↴
Summary
Key Points: 
  • These actions are pending in the United States District Courts for the District of New Jersey and Southern District of New York.
  • Canopy Growth and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • On November 14, 2019, pre-market, the Company announced its 2Q2019 results including a larger-than-expected loss for the quarter, a restructuring charge of $32.7 million.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.


Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until January 20, 2020 to file lead plaintiff applications in securities class action lawsuits against Canopy Growth Corporation (NYSE: CGC), if they purchased the Company’s securities between September 8, 2017 and November 13, 2019, inclusive (the “Class Period”). These actions are pending in the United States District Courts for the District of New Jersey and Southern District of New York.

What You May Do

If you purchased securities of Canopy Growth and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cgc/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by January 20, 2020.

About the Lawsuit

Canopy Growth and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On November 14, 2019, pre-market, the Company announced its 2Q2019 results including a larger-than-expected loss for the quarter, a restructuring charge of $32.7 million. On this news, the price of Canopy Growth’s shares plummeted.

The first-filed case is Ortiz v. Canopy Growth Corporation et al, 2:19cv20543.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Copyright: 
Copyright Business Wire 2020