Deadline on June 17, 2014 in Lawsuit for Investors in Growlife Inc (PHOT) Shares Announced by Shareholders Foundation
June 03 2014 - 09:34AM
The Shareholders Foundation, Inc. announces that a deadline to get
actively involved is coming up on June 17, 2014 in the lawsuit
filed on behalf of certain investors in shares of Growlife Inc
(PHOT) over alleged Securities Laws Violations by Growlife Inc.
If you either purchased a significant amount of shares of
Growlife Inc (PHOT) between November 14, 2013 and April 9, 2014,
you have certain options and for certain investors are short and
strict deadlines running. Investors with a substantial investment
in shares of Growlife Inc (PHOT) should contact the Shareholders
Foundation before June 17, 2014 at mail@shareholdersfoundation.com
or call +1(858) 779 - 1554.
The plaintiff claims that Growlife Inc violated Federal
Securities Laws pursuant to Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder. More specifically, the plaintiff claims that between
November 14, 2013 and April 9, 2014 Growlife Inc issued allegedly
materially false and misleading statements about its true financial
condition.
More specifically, the plaintiff alleges that between November
14, 2013 and April 9, 2014 defendants issued allegedly false and
misleading statements or failed to disclose that Growlife Inc had
provided inaccurate and/or inadequate information about its stock
and engaged in potentially manipulative transactions, that Growlife
Inc lacked adequate internal and financial controls, and that as a
result, Growlife Inc's financial statements were materially false
and misleading at all relevant times.
On April 10, 2014, the Securities and Exchange Commission
("SEC") temporarily suspended trading of GrowLife securities for 10
market days. The SEC said that it was suspending the trading
because of concerns regarding the accuracy and adequacy of
information
The plaintiff seeks to recover damages on behalf of all
purchasers of Growlife Inc (PHOT) common stock between November 14,
2013 and April 9, 2014.
Those who purchased shares of Growlife Inc have certain options
and should contact the Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT: Shareholders Foundation, Inc.
Trevor Allen
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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