LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of HEXO Corp. (“HEXO” or “the Company”) (NYSE: HEXO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. HEXO announced on March 17, 2020, that it would be incapable of releasing its second quarter 2020 financial results in a timely manner. The Company admitted it needed to record a large impairment charge and amend its MD&A disclosures for both the first and second quarter to address the concerns of the Ontario Securities Commission. Based on this news, shares of HEXO dropped by 33% in intraday trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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