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In re Cronos Group Inc. Securities Litigation
Case Number:
2:20-cv-01310
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bartko Zankel
- Bronstein Gewirtz
- Dentons
- Glancy Prongay
- Labaton Keller
- Levi & Korsinsky
- Pomerantz LLP
- Rigrodsky Law
- Robbins Geller
- Sullivan & Cromwell
- Taft Stettinius
Companies
Sectors & Industries:
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December 04, 2024
Pot Co. Investors Get Another Shot At Securities Suit
A New York federal judge has given a group of investors another chance to pursue claims that Cronos Group Inc. misled backers about its financial benchmarks, saying allegations stemming from a U.S. Securities and Exchange Commission settlement could be enough for the claims to survive.
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January 03, 2024
Cannabis Co. Says Investor Should Not Get Fresh Shot At Suit
Cannabis company Cronos Group Inc. has urged a New York federal court not to resurrect a dismissed investor-led securities fraud lawsuit, saying the plaintiff had numerous chances to amend his suit to include alleged misconduct by one of its executives but repeatedly chose not to.
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December 05, 2023
Investor Fights For New Shot At Cannabis Co. Accounting Suit
An investor who alleged cannabis company Cronos Group Inc. violated "black-and-white accounting standards" to artificially boost quarterly revenue by 40% is asking to amend a consolidated lawsuit's claims post-dismissal, arguing that a New York federal judge's November decision to toss the case with prejudice ran afoul of Second Circuit precedent.
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November 20, 2023
Canadian Cannabis Co. Gets Grouped Investor Suit Tossed
A New York federal judge has thrown out a consolidated investor suit alleging Canadian cannabis company Cronos Group Inc. misled investors about its revenue, saying the consolidated complaint fails to indicate that the company's officers were making deliberate misstatements.
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April 23, 2021
Canadian Pot Co. Says Accounting 'Error' Doesn't Prove Fraud
Cronos Group, a Canadian cannabis company at the center of a consolidated group of stock-drop shareholder suits, told a New York federal judge on Thursday that the investors had failed to claim the company acted fraudulently when it revised its earnings reports.