Barbuto & Johansson, P.A. Reminds Investors of the Pending Class Action Lawsuit Against CannTrust Holdings (NYSE:CTST); Stock Tumbling, Sales and Shipments of All Cannabis Products Halted, License Subject to Suspension
WELLINGTON, FL / ACCESSWIRE / July 19, 2019 / Barbuto & Johansson, P.A. (“BARJO”) and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action Experience, including cases against ENRON and Halliburton) reminds investors that they have until September 9, 2019 to contact the Firm to learn more about the class action lawsuit filed against CannTrust Holdings, Inc. (NYSE: CTST), and appointment and qualifications to be considered for the role of lead plaintiff.
According to the complaint, Defendants misrepresented and concealed that CannTrust was growing cannabis in its Pelham greenhouse facility in five unlicensed rooms between October 2018 and March 2019, and provided inaccurate information to regulators and false and misleading public statements.
On July 8, 2019, the market learned the truth when Defendants disclosed that Health Canada found that the Pelham greenhouse facility was non-compliant with regulations. CannTrust subsequently suspended sales and shipments of its cannabis products. At least one former employee has since reported that fake walls were put up in order to hide the plants, and that staged photos resulted in the regulator not having a visual of the plants. In the wake of the investigation, a number of stores and distributors have decided to pull CannTrust products from online stores and physical outlets.
If you’ve suffered damages from investing in CannTrust and would like to discuss your options, including petitioning the court for a leadership position, you may, without obligation or cost, contact Anthony Barbuto, at 888-715-2520 (office), 561-531-8221 (cell or text), or via email at email@example.com.
BARJO follows the principles set forth in the case Berger v. Compaq, 257 F.3d 475 (5th Cir. 2001) which states “[c]lass action lawsuits are intended to serve as a vehicle for capable, committed advocates to pursue the goals of the class members through counsel, not for capable, committed counsel to pursue their own goals through the class members.” BARJO believes strongly that the choice of qualified Lead Plaintiff(s) can have a significant impact on the successful outcome of a case. If you wish to be considered to serve as lead plaintiff, you must request this position by application to the Court by September 9, 2019.
Barbuto & Johansson, P.A.
Anthony Barbuto, Esq.
SOURCE: Barbuto & Johansson Firm
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