Case Page

 

Case Status:    ONGOING    
On or around 10/10/2018 (Ongoing date of last review)

Filing Date: October 06, 2018

According to the Complaint, Namaste Technologies Inc. ("Namaste" or the "Company") operates as a cannabis e-commerce company with e-commerce sites in 26 countries.

Plaintiff's law firm issued a press release on October 6, 2018, announcing the lawsuit. According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Namaste had sold its wholly-owned U.S. subsidiary to Namaste executives; (2) consequently, Namaste did not sell its U.S. subsidiary in an arm’s length transaction; and (3) as a result, Defendants’ statements about the company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: NXTTF
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: C.D. California
DOCKET #: 18-CV-08616
JUDGE:
DATE FILED: 10/06/2018
CLASS PERIOD START: 11/29/2017
CLASS PERIOD END: 10/04/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
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