NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 20, 2020 to file lead plaintiff applications in a securities class action lawsuit against Canopy Growth Corporation (NYSE: CGC), if they purchased the Company’s securities between June 21, 2019 and November 13, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.
What You May Do
If you purchased securities of Canopy Growth and would like to discuss your legal rights and how this case 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 (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-cgc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition 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 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.
