NEW YORK, June 13, 2019 (GLOBE NEWSWIRE) -- Rosen
Law Firm, a global investor rights law firm, reminds purchasers of
the securities of KushCo Holdings, Inc. from July 13, 2017 through
April 9, 2019, inclusive (the “Class Periodâ€) of the important July
1, 2019 lead plaintiff deadline in the securities class action. The
lawsuit seeks to recover damages for KushCo investors under the
federal securities laws.
To join the KushCo class action, go to http://www.rosenlegal.com/cases-register-1561.html or
call Phillip Kim, Esq. or toll-free at 866-767-3653 or email
[email protected] or
[email protected]
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING
AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL
FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
PLAINTIFF.
According to the lawsuit, defendants throughout
the Class Period made false and/or misleading statements and/or
failed to disclose that: (1) KushCo made material accounting errors
in connection with its acquisitions of CMP Wellness LLC, Summit
Innovations, LLC, and The Hybrid Creative; (2) KushCo’s previously
issued financial statements for the fiscal years ended August 31,
2018 and August 31, 2017 could not be relied upon; (3) KushCo’s net
loss for the fiscal year ended August 31, 2018 was more than twice
as high than previously reported; (4) KushCo and its management’s
assurances that its financial statements for those fiscal years and
periods were accurate and fairly reported could not be relied upon;
and (5) as a result, KushCo’s public statements were materially
false and misleading at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 1, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1561.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com