NEW YORK, April 14, 2014 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm announces that it is
investigating claims on behalf of purchasers of CannaVEST Corp.
("CANV" or the "Company") (OTCMKTS: CANV) securities during the
period between May 20, 2013 and
April 3, 2014, inclusive (the "Class
Period").
If you have suffered a net loss from your investment in CANV
securities purchased on or after May 20,
2013, and held through the revelation of negative
information on April 3, 2014, as
described below, you may obtain additional information about this
investigation at no cost to you, by contacting Tripp Levy PLLC at
www.tripplevy.com, by email at contact@tripplevy.com, or by calling
us toll free at 1-877-772-3975.
The investigation concerns defendants' potential violations of
the Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period that its financial
statements for the first three quarters of 2013 were allegedly
false and misleading and could not be relied upon.
Specifically, CANV stated that the purchase price and the
allocation of the purchase price related to PhytoSPHERE Systems
were not conducted in accordance generally accepted accounting
principles in the United States. Further, that sales and cost
of sales for the Company's quarter ended March 31, 2013 were incorrect.
Following the revelation on April 3,
2014, after the markets closed, the value of CANV shares
declined by approximately 20 percent.
If you are a shareholder of CANV during the Class Period and
would like additional information regarding this matter, at no cost
or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC is a leading national securities law firm that
has extensive experience in securities litigation and, along with
its affiliates, has recovered billions of dollars on behalf of
shareholders around the globe. Tripp Levy PLLC has become
affiliated with Milberg LLP. Attorney advertising.
Prior results do not indicate a similar outcome.
If you are a shareholder of DFC and would like additional
information regarding this matter, at no cost or expense, please
contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC is a leading national securities and shareholder
rights law firm with offices across the country. Tripp Levy
PLLC represents individual and institutional investors in
shareholder actions and, along with its affiliates, has recovered
billions of dollars for shareholders in securities actions.
Tripp Levy PLLC has become affiliated with Milberg LLP.
Attorney advertising. Prior results do not indicate a
similar outcome
SOURCE Tripp Levy PLLC