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In re Canopy Growth Securities Litigation
Case Number:
1:23-cv-04302
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Faruqi & Faruqi
- Glancy Prongay
- Hagens Berman
- Levi & Korsinsky
- Lieff Cabraser
- Pomerantz LLP
- Skadden Arps
Companies
Sectors & Industries:
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July 19, 2024
Cannabis Co. Gets Investor Fraud Suit Thrown Out
A New York federal judge has thrown out a consolidated class action alleging Canopy Growth Corp. misled investors about the financial prospects of a newly acquired subsidiary, saying the complaint fails to show that the company knew it was misleading investors.
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March 11, 2024
CBD Co. Says Investors' Fraudulent Intent Claims Fall Short
Canopy Growth Corp. is urging a New York federal court to throw out claims that it misled investors about the prospects of a sports nutrition subsidiary, saying the proposed class action fails to establish a motive for the alleged fraud or that the cannabis company was aware that any statements it made were false.
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November 30, 2023
Pomerantz To Lead Combined Canopy Growth Investor Suits
A New York federal judge on Thursday consolidated three investors' actions against cannabis company Canopy Growth and appointed Pomerantz LLP as lead counsel, saying the law firm's client had a greater stake in the litigation than other firms vying for the role.
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May 24, 2023
CBD Co. Overstated Revenue, Investor Suit Says
Canopy Growth Corp., which sells cannabis products for recreational and medical use, was hit with a proposed class action from an investor alleging that the company failed to disclose weaknesses in its operations, accounting and financial reporting, leading its securities to be traded at "artificially inflated prices."