Investors Slam Canadian Cannabis Company Over Use of Unlicensed Facility
NICKEESHA SWABY, 04 December 2019
(CN) – A cross-border securities class action against Canadian cannabis company HEXO Corp. alleges the company inflated revenue figures, misstated inventory, and grew cannabis in an unlicensed facility leading to hundreds of millions of dollars in market capitalization loss.
The lawsuit was filed in the U.S. District Court for Southern New York on behalf of investors who purchased HEXO stock between Jan. 25, 2019 and Nov. 15, 2019. HEXO, based in Quebec, Canada, produces, markets and sells cannabis for recreational and medical use. The company is listed on the Toronto Stock Exchange, and on July 16, 2019 began trading on the New York Stock Exchange.
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COLUMBIA SPORTSWEAR SUES RIVAL OVER FRAUD, RACKETEERING
Oregon Small Business Association, 27 February 2019
Portland-based Columbia Sportswear has filed a $20 million lawsuit against a competitor, accusing Seirus Innovative Accessories of San Diego and its leaders of wire fraud, perjury, and racketeering.
Columbia’s lawsuit, filed in U.S. District Court in Portland, is just the latest volley in six-year intellectual property fight rife with accusations of perjury, fraud, and destruction of evidence.
Columbia accused Seirus of violating its two patents by copying its heat-reflective Omni-Heat technology, according to The Oregonian. Columbia uses the profitable technology introduced in 2010 in its clothing, including shirts, gloves, socks and jackets. Seirus uses a similar reflective fabric in its products.
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The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against AtriCure, Inc.
The Brualdi Law Firm, 19 December 2008
NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) — The Brualdi Law Firm, P.C. announces that a lawsuit has been commenced in the United States District Court for the Southern District of Ohio on behalf of purchasers of AtriCure, Inc. (“AtriCure” or the “Company”) (Nasdaq:ATRC) securities during the period between May 10, 2007 and October 31, 2008 (the “Class Period”) for violations of the federal securities laws.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased AtriCure common stock during the Class Period, and wish to move the court for appointment of lead plaintiff, you must do so by February 10, 2009. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
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