NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm,
announces that a securities class action lawsuit has been filed on
behalf of those who purchased or acquired the securities of Aphria
Inc. ("Aphria" or the "Company") (NYSE: APHA) between July 17, 2018 and December
4, 2018, both dates inclusive (the "Class Period"). The
lawsuit seeks to recover Aphria shareholders' investment
losses.
If you purchased Aphria securities, and/or would like to discuss
your legal rights and options, please visit Aphria Shareholder
Class Action Lawsuit or contact Daniel
Sadeh toll free at (877) 779-1414
or dsadeh@bernlieb.com.
According to the lawsuit, throughout the Class Period Defendants
made false and/or misleading statements and/or failed to disclose
that: (1) the Latin American assets acquired by the Company lacked
adequate licenses to operate and were overvalued; (2) the
acquisition of the Latin American assets would enrich the Company's
CEO and other insiders at the expense of shareholders; and (3) as a
result of the foregoing, Defendants' positive statements about the
Company's business, operations, and prospects, were materially
misleading and/or lacked a reasonable basis. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
On December 3, 2018,
Quintessential Capital Management and Hindenburg
Research published a report alleging, among other things, that
the Company's recent acquisitions in Latin America were part of a series of
transactions designed to enrich Company insiders and that these
acquisitions lacked established operations and/or licenses to
operate in the cannabis industry.
On this news, Aphria's stock fell $1.85 per share or approximately 23% to close at
$6.05 per share on December 3, 2018, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than February 4, 2019. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Your ability to share in
any recovery doesn't require that you serve as lead plaintiff. If
you choose to take no action, you may remain an absent class
member.
If you purchased Aphria securities, and/or would like to discuss
your legal rights and options, please visit
https://www.bernlieb.com/cases/aphria-inc-apha-lawsuit-class-action-fraud-stock-99/
mailto:or contact Daniel Sadeh toll
free at (877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP