LOS ANGELES–(Small business WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against HEXO Corp. (“HEXO” or “the Company”) (NYSE: HEXO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-five promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who bought the Company’s securities amongst January 25, 2019 and November 15, 2019, inclusive (the ”Class Period”), are encouraged to speak to the firm ahead of January 27, 2020.
If you are a shareholder who suffered a loss, click right here to participate.
We also encourage you to speak to Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to go over your rights absolutely free of charge. You can also attain us via the firm’s internet site at www.schallfirm.com, or by e-mail at [email protected]
The class, in this case, has not but been certified, and till certification happens, you are not represented by an lawyer. If you select to take no action, you can stay an absent class member.
According to the Complaint, the Firm created false and misleading statements to the industry. HEXO failed to create down obsolete and valueless items causing it to misstate inventory. The Firm engaged in channel stuffing schemes to inflate its economic overall performance. The Firm also grew cannabis at a Niagara, Ontario facility not licensed by the Canadian government. Primarily based on these details the Company’s public statements had been false and materially misleading all through the class period. When the industry discovered the truth about HEXO, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors about the globe and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may possibly be deemed Lawyer Marketing in some jurisdictions beneath the applicable law and guidelines of ethics.