INVESTOR ALERT: Federman & Sherwood Investigates CannaVEST Corp. for Possible Securities Laws Violations
April 15 2014 - 11:37AM
Business Wire
The law firm of Federman & Sherwood has launched an
investigation of CannaVEST Corp. (OTC: CANV) (“CANV” or “the
Company”) for possible violations of Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and/or breaches of fiduciary
duty by the Company’s officers and directors during the period of
May 20, 2013 and April 3, 2014.
Federman & Sherwood’s investigation surrounds whether the
Company violated specific sections of the Securities Exchange Act
of 1934 by virtue of the Company’s failure to disclose that its
financial statements for the first three (3) quarters of 2013 were
allegedly false and misleading and could not be relied upon.
CannaVEST further stated that assets acquired related to
PhytoSPHERE Systems was not allocated properly and in accordance
with Generally Accepted Accounting Principles (“GAAP”), and
therefore sales and cost of sales for the Company's quarter ended
March 31, 2013 were incorrect. Following these revelations by CANV
on April 3, 2014, the value of CANV shares declined by
approximately 20 percent after the market closed on that day.
If you currently own common stock in CannaVEST Corp., have any
information to assist in our investigation, or have questions or
concerns regarding this notice or your rights or interests in this
matter, please contact Federman & Sherwood. Federman &
Sherwood has extensive nationwide experience in representing
investors in securities, derivative and merger-related shareholder
class actions, and has been appointed as lead counsel in multiple
complex cases across the country.
Federman & SherwoodK. Lynn Nunn,
405-235-1560kln@federmanlaw.comwww.federmanlaw.com
CV Sciences (QB) (USOTC:CVSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
CV Sciences (QB) (USOTC:CVSI)
Historical Stock Chart
From Apr 2023 to Apr 2024