INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Aga...
June 03 2014 - 10:32AM
Business Wire
Glancy Binkow & Goldberg LLP reminds investors of GrowLife,
Inc. (“GrowLife” or the “Company”) (OTC BB:PHOT) that all
purchasers of GrowLife securities 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, 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 that it was temporarily suspending trading of GrowLife
securities until April 29, 2014. According to a statement issued by
the SEC, trading of the Company’s securities was 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 are a member of the Class described above, you may move
the Court no later than June 17, 2014, to serve as lead plaintiff;
however, you must 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 or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of
Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920,
New York, New York 10168, at (212) 682-5340, by e-mail to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael
Goldberg(888) 773-9224orGlancy Binkow & Goldberg LLP, New York,
NYGregory Linkh(212) 682-5340shareholders@glancylaw.comwww.glancylaw.com
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