iAnthus Capital Holdings, Inc. (ITHUF)
ITHUF SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies iAnthus Capital Holdings, Inc. Shareholders With Losses Exceeding $100K of Class Action and Encourages Investors to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against iAnthus Capital Holdings, Inc. ("iAnthus" or "the Company") (OTCMKT: ITHUF) on behalf of shareholders who purchased iAnthus securities between May 14, 2018 and April 6, 2020, inclusive (the ''Class Period'').
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, defendants made false and misleading and/or failed to disclose that material adverse information. Specifically, the complaint alleges that iAnthus revealed that it had failed to make certain interest payments, blaming its action on the "decline in the overall public equity cannabis markets, coupled with the extraordinary market conditions that began in Q1 2020 due to the novel coronavirus." The complaint continues to state that iAnthus admitted it had begun an internal investigation of related party transactions involving CEO Hadley Ford. Following this news, iAnthus stock dropped over 62% that same day.
You can review a copy of the Complaint and sign the certification form or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in iAnthus you have until June 15, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.