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Daniel Gabbard v. PharmaCielo Ltd. et al

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Case Number:

2:20-cv-02182

Court:

California Central

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Philip S. Gutierrez

Firms

December 08, 2021
Canadian Pot Co. Permanently Dodges 'Vague' Investor Suit

A putative class action suit against Canadian cannabis grower PharmaCielo Ltd. was permanently thrown out Tuesday by a California federal judge who said the investors' claims are too vague and that they failed to introduce any new facts in their amended complaint.
August 03, 2021
Investors' Suit Still Too 'Vague,' Pot Co. Tells Calif. Judge

Investors in Canadian cannabis grower PharmaCielo Ltd. still haven't sufficiently described how its failure to disclose problems about its Colombian facilities harmed them, the company and some of its executives told a Los Angeles federal judge.
April 19, 2021
Court Tosses Investor Suit Against Cannabis Firm, For Now

A California federal judge has tossed a proposed investor class action against a Canadian cannabis grower launched after the company lost a third of its value amid allegations of self-dealing and sham distribution deals, though he granted the investors permission to amend the complaint.
October 23, 2020
Pot Co. Says Shoddy Short-Seller Attack Set Up Investor Suit

A Canadian cannabis grower told a California federal court that a proposed investor class action claiming the company lost a third of its value amid allegations of self-dealing and sham distribution deals should be dismissed because it is based solely on a "misleading" short-seller attack.
June 23, 2020
Pomerantz To Lead Investor Suit Against Pot Co. PharmaCielo

A California federal court has tapped Pomerantz LLP as lead counsel in a proposed securities class action against Canadian cannabis grower PharmaCielo, which investors claim lost a third of its value amid allegations of self-dealing, sham distribution deals and problems at cultivation sites in Colombia.
May 06, 2020
Pomerantz, Rosen Vie For Lead In Cannabis Stock-Drop Suit

Pomerantz LLP and the Rosen Law Firm are vying for the position of lead counsel to represent investors who asked a California federal judge Tuesday to consolidate their suits accusing cannabis grower PharmaCielo of undisclosed self-dealing that wiped out a third of the company's value in one day.
March 06, 2020
Cannabis Co. Faces Stock-Drop Suit Over Self-Dealing Claims

A Canadian cannabis grower was hit with a proposed class action Friday in California federal court, alleging reports of undisclosed self-dealing, sham distribution deals and fallow fields in Colombia that wiped out a third of the company's value in a single day of trading.