06/12/2018 16:16:36

INVESTOR ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against Aphria, Inc. and Encourages Investors with Financial Losses in Excess of $250,000 to Contact the Firm – APHA

RADNOR, Pa., Dec. 06, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a class action lawsuit has been filed against Aphria, Inc. (NYSE: APHA) (“Aphria” or the “Company”) on behalf of purchasers of the Company’s securities between July 17, 2018 and December 4, 2018, inclusive (the “Class Period”).

Additional information about this action may be found at https://kaskelalaw.com/case/aphria-inc/.  Aphria investors who purchased the Company’s securities during the Class Period and suffered a financial loss in excess of $250,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 to discuss their legal rights and options. 

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.  Following this news, shares of the Company’s stock declined $3.39 per share, or nearly 42% in value over two days, to close on December 4, 2018 at $4.51 per share, on unusually heavy trading volume.

The class action complaint alleges that defendants made materially false and misleading statements during the Class Period and failed to disclose to investors: (i) that Latin American assets acquired by the Company lacked adequate licenses to operate and were overvalued; and (ii) that the acquisition of Latin American assets would enrich the Company’s CEO and other insiders at the expense of shareholders.  The complaint further alleges that, as a result of the foregoing, investors purchased Aphria’s securities at artificially inflated prices during the Class Period and suffered investment losses as a result of defendants’ conduct.

Investors who purchased the Company’s securities during the Class Period and suffered a financial loss in excess of $250,000 are encouraged to contact Kaskela Law LLC.  Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

KASKELA LAW LLC

D. Seamus Kaskela, Esq.

201 King of Prussia Road

Suite 650

Radnor, PA 19087

(484) 258 – 1585

(888) 715 – 1740

skaskela@kaskelalaw.com

www.kaskelalaw.com

KASKELA LAW LOGO1.jpg

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
18 Aug
VELO
Da flere skribenter stadig gerne vil beholde tråden for samling af de mange vigtige informationer o..
43
15 Aug
VELO
Det kunne tyde på at nogen mor modtaget receptal, der udviser netop det vi har talt om - at Envarsus..
37
19 Aug
OMXC25
Endnu en dansk patriark er død. Ære være hans minde.
26
18 Aug
 
Da Berlingske Media for cirka 1 år siden overtog Euroinvestor for 23 mio kr, meddelte de, at nu skul..
22
18 Aug
VELO
Fra anden skribent i Veloxis FB gruppen: Børsen side 4, søndag den 18. august. Et uddrag fra e..
20
19 Aug
OMXC25
En fantastisk dygtig og sympatisk erhvervsmand.  Og en ægte patriot som også betalte sin skat med gl..
16
16 Aug
I:NDX
16
14 Aug
TEVA
Ja, TEVA er jo bare en dårlig historie at købe ind i. I Danmark er aktien (som alle jo ved) primært ..
16
13 Aug
VELO
Til alle dem, som simpelthen ikke kan tro på det der sker lige foran næsen på dem.    Da jeg i sin b..
16
18 Aug
VELO
'83. Det er en god kommentar, iøvrigt har jeg kontaktet DDB i fredags for at høre om de læser recept..
15

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Photo Release -- WSFS Bank Welcomes Corynn Ciber in Newly Created Role, Chief Digital Officer
2
TTM Technologies, Inc. Announces Executive Transition
3
Hagens Berman Investigating SAExploration Holdings (SAEX): Earnings Restatements, SEC Investigation, and Senior Executives Fired
4
EGBN CLASS ACTION REMINDER: Hagens Berman Reminds Investors in Eagle Bancorp (EGBN) of September 23, 2019 Lead Plaintiff Deadline; Investors Who Lost $100,000+ May Contact the Firm
5
TWOU CLASS ACTION REMINDER: Hagens Berman Reminds TWOU Investors of October 7, 2019 Lead Plaintiff Deadline; Investors Who Lost $50,000+ May Contact Firm

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 August 2019 00:31:25
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190819.1 - EUROWEB3 - 2019-08-20 01:31:25 - 2019-08-20 00:31:25 - 1000 - Website: OKAY