Law Offices of Howard G. Smith reminds investors that all purchasers of
the securities of GrowLife, Inc. (“GrowLife” or the “Company”) (OTC
BB:PHOT) between November 14, 2013 and April 9, 2014, inclusive (the
“Class Period”), have until June 17, 2014, to file a motion to be
appointed as lead plaintiff in the shareholder lawsuit.
GrowLife manufactures and supplies plant growing systems, branded
equipment and expendables for urban gardening, primarily for cultivation
of medical marijuana, in the United States. The Complaint alleges that
throughout the Class Period defendants issued false and misleading
statements or failed to disclose that: (1) the Company had provided
inaccurate and/or inadequate information about its stock and engaged in
potentially manipulative transactions; (2) the Company lacked adequate
internal and financial controls; and (3) as a result, the Company’s
financial statements were materially false and misleading at all
relevant times.
On April 10, 2014, the Securities and Exchange Commission announced a
temporary suspension of trading of GrowLife securities. According to a
statement issued by the SEC, trading was temporarily suspended “because
of questions that have been raised about the accuracy and adequacy of
information in the marketplace and potentially manipulative transactions
in [the Company’s] common stock.”
If you purchased GrowLife securities during the Class Period, you may
move the Court no later than June 17, 2014, to serve as lead plaintiff,
if you meet certain legal requirements. To be a member of the Class, you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Copyright Business Wire 2014