Case Page

 

Case Status:    ONGOING    
On or around 06/22/2017 (Ongoing date of last review)

Filing Date: April 23, 2014

According to the law firm press release, the lawsuit asserts violations of the federal securities laws against CannaVEST and its officers and directors for issuing false and misleading statements about the Company’s financial condition. The Complaint alleges that CannaVEST overstated its sales for the quarter ended March 31, 2013 by more than 17% and misstated its goodwill at June 30, 2013 by more than 1300%.

On March 19, 2015, the Court appointed lead plaintiff and approved the selection of lead counsel. Lead plaintiff filed a consolidated complaint on September 14.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CANV
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 14-CV-02900
JUDGE: Hon. Paul G. Gardephe
DATE FILED: 04/23/2014
CLASS PERIOD START: 05/20/2013
CLASS PERIOD END: 04/03/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 14-CV-02900
JUDGE: Hon. Paul G. Gardephe
DATE FILED: 09/14/2015
CLASS PERIOD START: 05/20/2013
CLASS PERIOD END: 04/14/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Federman & Sherwood (Oklahoma City)
    10205 N. Pennsylvania, Federman & Sherwood (Oklahoma City), OK 73120
    405.235.1560 405.235.1560 ·
No Document Title Filing Date