Kirby McInerney LLP Investigates Potential Claims on Behalf of CannaVEST Corp. Investors
June 09 2014 - 7:49PM
Business Wire
Kirby McInerney LLP announced today that a class action lawsuit
has been commenced in the United States District Court for the
Southern District of New York on behalf of investors who acquired
CannaVEST Corp. (“CannaVEST” or the “Company”) (OTC:CANV)
securities during the period from May 20, 2013 through April 3,
2014. Investors have until June 23, 2014 to file a motion to be
appointed as lead plaintiff in the shareholder lawsuit.
On April 4, 2014, the Company revealed that its previously
issued financial statements for the quarters ended March 31, 2013,
June 30, 2013, and September 30, 2013 were materially inaccurate
and would be restated due to errors associated with the purchase
price allocation for the assets acquired related to PhytoSPHERE
Systems. Shares of CannaVEST are down from a close of $30.00 per
share on April 4, 2014, to a most recent close of $20.70 per
share.
If you acquired CannaVEST securities during this period and you
are interested in learning more about this matter and any rights
you might have with respect to these claims, contact Jess Kelley or
Wilona Karnadi at securitiescases@kmllp.com, by telephone at (212)
371-6600, or by filling out this form. Please bear in mind that
some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, whistleblower, antitrust and consumer
litigation. The firm has specialized in complex litigation,
including securities class actions, for several decades. Kirby
McInerney LLP has repeatedly demonstrated its expertise in this
field, and has been recognized by various courts that have
appointed the firm to major positions in consolidated and
multi-district litigation. The firm’s efforts on behalf of
shareholders in securities litigation have resulted in recoveries
totaling billions of dollars, and the firm’s achievements and
quality of service have been chronicled in numerous published
decisions. Additional information about the firm or the claims
against CannaVEST can be found at Kirby McInerney LLP’s
website: http://www.kmllp.com.
Kirby McInerney LLPJess Kelley or Wilona
Karnadi212-371-6600securitiescases@kmllp.com
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