Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of CannaVEST Corp. (OTC QB: CANV)?
- Did you purchase your shares before May 20, 2013, or between May 20, 2013 and April 3, 2014, inclusive?
- Did you lose money in your investment in CannaVEST Corp.?
- Do you want to discuss your rights?
According to the Complaint, on April 3, 2014, the Company filed a Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) announcing that it had misreported its financial position on the Forms 10-Q for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013, and as such, the 2013 First, Second, and Third Quarter Forms 10-Q could no longer be relied upon.On this news, shares in CannaVEST fell over 20%, closing at $25.30 per share on April 3, 2014, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than June 23, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.