NEW YORK, June 03, 2019 (GLOBE NEWSWIRE) -- Pawar
Law Group announces that a class action lawsuit has been filed on
behalf of shareholders who bought shares of KushCo Holdings, Inc.
(KSHB) from July 13, 2017 through April 9,
2019, inclusive (the “Class Periodâ€). The lawsuit seeks to recover
damages for KushCo investors under the federal securities laws. The
firm reminds investors of the July 1, 2019 lead plaintiff deadline
in the case.
To join the KushCo class action, go to http://pawarlawgroup.com/cases/kushco-holdings-inc/ or call Vik Pawar, Esq. or toll-free at 888-589-9804 or email [email protected] for information on the class action.
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://pawarlawgroup.com/cases/kushco-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at [email protected].
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around
the world.
Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
[email protected]