Hemp Biotech Biz Beats Investor Suit Over SEC Probe
Law360 (January 19, 2021, 8:02 PM EST) -- A New York federal judge has tossed a proposed investor class action accusing a tobacco and hemp biotechnology company of hiding a U.S. Securities and Exchange Commission investigation into its accounting problems, finding that the company had already told investors about the underlying issues.
In a Thursday order, U.S. District Judge John L. Sinatra Jr. dismissed with prejudice the investors' claims that 22nd Century Group Inc., its former CEO Henry Sicignano III and former CFO John T. Brodfuehrer caused the company's stock price to fall after a former executive revealed information about the SEC investigation and certain promotional articles about the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!