GREY:NEPTF - Post by User
Comment by
lscfaon Mar 25, 2021 11:40pm
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Post# 32884165
RE:No comments?
RE:No comments? mcamm10 wrote: US $250 million, up from US $150 million.
Makes the plaintiff's case stronger...
Lawyers looking for burnt investors
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the cost of Neptune's integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than Neptune had acknowledged, placing significant strain on Neptune's capital reserves; (2) accordingly, it was reasonably foreseeable that Neptune would need to conduct additional stock offerings to raise more capital; and (3) as a result, Neptune'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.
https://www.newsfilecorp.com/release/78343/NEPT-Investor-Notice-Rosen-A-Highly-Recognized-Law-Firm-Encourages-Neptune-Wellness-Solutions-Inc.-Investors-with-Losses-in-Excess-of-100K-to-Secure-Counsel-Before-Important-Deadline-NEPT?k=