TORONTO--(BUSINESS WIRE)--Morganti & Co., P.C., a cross border shareholder’s rights law firm, has commenced a shareholder class action lawsuit against FSD Pharma Inc. (“HUGE”) for publishing investor documents containing misrepresentations of material fact about the status of its joint venture with Auxly Cannabis Group Inc. (“XLY”) between September 29, 2018, and January 7 or February 6, 2019.
The shareholders allege that these misrepresentations resulted in the market price and value of HUGE's securities being artificially inflated or otherwise over-valued as reflected by a portion of the drop in the market price after the release of the corrective disclosures on January 7 and February 6, 2019.
Investors that purchased HUGE’s securities may have an opportunity to recover their financial losses. Investors are encouraged to contact Morganti & Co. to register their interest and determine their financial losses, if any. Investors will not be charged for this service.
About Morganti & Co.
You may learn more about Morganti & Co. online at www.morgantico.com. Since June 1999, Mr. Morganti has represented investors and is licensed to provide legal opinions about the Ontario Securities Act and the U.S. federal securities laws.
The Firm also represents investors against BP plc, Goldcorp Inc., Intellipharmaceutics Int’l Inc., Guyana Goldfields, Ithaca Energy Inc., Maxar Technologies Inc., Namaste Technologies Inc., and others.
You may contact Morganti & Co. at (647) 344-1900 or by email at info@morgantilegal.com for further information. This press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.