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ORTIZ v. CANOPY GROWTH CORPORATION et al

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Case Number:

2:19-cv-20543

Court:

New Jersey

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Madeline Cox Arleo

Firms

Companies

Sectors & Industries:

  1. June 09, 2022

    $4.3M In Atty Fees Awarded In Pot Co. Canopy's $13M Deal

    A New Jersey federal judge granted final approval to a $13 million settlement reached between pot company Canopy Growth Corp. and a class of investors and awarded class counsel $4.3 million in attorney fees.

  2. February 07, 2022

    Pot Co. Canopy Growth Settles Investor Suit For $13M

    Pot company Canopy Growth Corp. has reached a $13 million settlement with a class of investors who say it misled them about the strength of the Canadian cannabis market, according to a court filing urging a New Jersey federal court to give its initial approval of the deal.

  3. August 18, 2021

    Pot Co. Canopy Says Investors' 3rd Try At Suit Isn't The Charm

    Pot company Canopy Growth has fired back at a third amended complaint from investors accusing the company of misleading them about the strength of the Canadian cannabis market, saying the investors didn't address the flaws the court found in their second amended complaint.

  4. May 10, 2021

    Canopy Didn't Mean To Mislead Investors, Judge Says

    A New Jersey federal judge has granted major pot company Canopy Growth's bid to escape an investor class action accusing it of misleading them about the strength of the Canadian cannabis market, ruling the investors didn't show that the company intentionally deceived them.

  5. January 08, 2021

    Investors Press Canopy On Alleged Lies About Pot Demand

    Investors accusing major pot company Canopy Growth of misleading them about the strength of the Canadian cannabis market urged a New Jersey federal court to keep their case alive, saying their allegations show executives knowingly concealed overproduction problems.

  6. August 05, 2020

    Canopy Says It Warned Investors About Pot Market Risks

    Canopy Growth Corp. asked a New Jersey federal judge to toss a class action filed by shareholders who claim it misled them on the strength of the Canadian cannabis market, saying it had repeatedly warned investors that the market was unpredictable.

  7. June 05, 2020

    Investors Say Canopy's Overgrowth Put $98M Of Pot To Waste

    Canadian pot giant Canopy Growth Corp. is facing fresh shareholder accusations that it misled the market with false claims about how it managed its grow operations and ended up trashing $132 million Canadian dollars ($98 million) worth of cannabis when consumer demand didn't materialize as hoped. 

  8. February 18, 2020

    Hagens, Pomerantz, Rosen To Lead Canopy Stock-Drop Suit

    Hagens Berman Sobol Shapiro LLP, Pomerantz LLP and The Rosen Law Firm PA have nabbed co-lead counsel roles in stock-drop litigation alleging Canadian cannabis giant Canopy Growth Corp. misled investors about the demand for oils and softgels before the products led to millions in write-offs.

  9. November 20, 2019

    Canopy Hit With Shareholder Suit Over Weak Earnings

    Cannabis giant Canopy Growth was hit with a stock drop class action in New Jersey federal court Wednesday on the heels of disappointing quarterly results that included a nearly 33 million Canadian dollar ($24.8 million) restructuring charge chalked up to weak demand and glutted inventory.