NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announced today that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who acquired CannaVEST Corp. (“CannaVEST” or the “Company”) (OTC:CANV) securities during the period from May 20, 2013 through April 3, 2014. Investors have until June 23, 2014 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
On April 4, 2014, the Company revealed that its previously issued financial statements for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013 were materially inaccurate and would be restated due to errors associated with the purchase price allocation for the assets acquired related to PhytoSPHERE Systems. Shares of CannaVEST are down from a close of $30.00 per share on April 4, 2014, to a most recent close of $20.70 per share.
If you acquired CannaVEST securities during this period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Jess Kelley or Wilona Karnadi at firstname.lastname@example.org, by telephone at (212) 371-6600, or by filling out this form. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against CannaVEST can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.