Bronstein, Gewirtz & Grossman, LLC Notifies iAnthus Capital Holdings, Inc. Shareholders of Class Action
May 13 2020 - 1:01PM
InvestorsHub NewsWire
NEW YORK, NY -- May
13, 2020 -- InvestorsHub NewsWire
-- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies
investors that a class action lawsuit has been filed
against iAnthus Capital Holdings, Inc. ("iAnthus" or
"the Company") (OTCMKT:
ITHUF) on behalf of
shareholders who purchased iAnthus securities
between May 14, 2018 and April 6,
2020, inclusive (the ''Class
Period''). Such investors are
encouraged to join this case by visiting the firm’s
site: www.bgandg.com/ithuf.
This class action seeks to recover damages against
Defendants for alleged violations of the federal securities laws
under the Securities Exchange Act of
1934.
The Complaint alleges
that throughout the Class Period, defendants made false and
misleading and/or failed to disclose that material adverse
information. Specifically, the complaint alleges that iAnthus
revealed that it had failed to make certain interest payments,
blaming its action on the "decline in the overall public equity
cannabis markets, coupled with the extraordinary market conditions
that began in Q1 2020 due to the novel coronavirus." The complaint
continues to state that iAnthus admitted it had begun an internal
investigation of related party transactions involving CEO Hadley
Ford. Following this news, iAnthus stock dropped over 62% that same
day.
A class action
lawsuit has already been filed. If you wish to review a copy of the
Complaint you can visit the firm’s site: www.bgandg.com/ithuf
or you
may contact Peretz Bronstein, Esq. or his Investor Relations
Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484. If you suffered a loss in iAnthus you have
until June 15, 2020 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn't
require that you serve as a lead
plaintiff.
Bronstein, Gewirtz
& Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on
behalf of our clients. In addition to representing
institutions and other investor plaintiffs in class action security
litigation, the firm’s expertise includes general corporate and
commercial litigation, as well as securities arbitration.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contact:
Bronstein, Gewirtz
& Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484
| info@bgandg.com
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