INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against GrowLife...
May 20 2014 - 10:32AM
Business Wire
Law Offices of Howard G. Smith reminds investors that all
purchasers of the securities of GrowLife, Inc. (“GrowLife” or the
“Company”) (OTC BB:PHOT) between November 14, 2013 and April 9,
2014, inclusive (the “Class Period”), have until June 17, 2014, to
file a motion to be appointed as lead plaintiff in the shareholder
lawsuit.
GrowLife manufactures and supplies plant growing systems,
branded equipment and expendables for urban gardening, primarily
for cultivation of medical marijuana, in the United States. The
Complaint alleges that throughout the Class Period defendants
issued false and misleading statements or failed to disclose that:
(1) the Company had provided inaccurate and/or inadequate
information about its stock and engaged in potentially manipulative
transactions; (2) the Company lacked adequate internal and
financial controls; and (3) as a result, the Company’s financial
statements were materially false and misleading at all relevant
times.
On April 10, 2014, the Securities and Exchange Commission
announced a temporary suspension of trading of GrowLife securities.
According to a statement issued by the SEC, trading was temporarily
suspended “because of questions that have been raised about the
accuracy and adequacy of information in the marketplace and
potentially manipulative transactions in [the Company’s] common
stock.”
If you purchased GrowLife securities during the Class Period,
you may move the Court no later than June 17, 2014, to serve as
lead plaintiff, if you meet certain legal requirements. To be a
member of the Class, you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this
action, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020, by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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