The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Aurora Cannabis Inc. (NYSE: ACB) alleging that the Company violated federal securities laws.
Class Period: February 13, 2020 and September 4, 2020
Lead Plaintiff Deadline: December 1, 2020
Learn more about your recoverable losses in ACB:
The filed complaint alleges that Aurora Cannabis Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Aurora had significantly overpaid for previous acquisitions and experienced degradation in certain assets, including its production facilities and inventory; (ii) the Company's purported "business transformation plan" and cost reset failed to mitigate the foregoing issues; (iii) accordingly, it was foreseeable that the Company would record significant goodwill and asset impairment charges; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until December 1, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the ACB lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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