NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 4, 2019 to file lead plaintiff applications in a securities class action lawsuit against Aphria Inc. (NYSE: APHA), if they purchased the Company’s securities between July 17, 2018 and December 4, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Aphria investors should visit us at https://www.claimsfiler.com/cases/view-aphria-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Aphria and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On December 3, 2018, Hindenburg Research reported in an article entitled “Aphria: A Shell Game with a Cannabis Business on the Side,” that an extensive investigation revealed that “Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets” and detailing the questionable value of its investments.
On this news, the price of Aphria’s shares plummeted.
The case is Gloschat v. Aphria Inc. et al, 18-cv-11427
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