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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 23, 2021 to file lead plaintiff applications in a securities class action lawsuit against AppHarvest, Inc. (NasdaqGS: APPH).
AppHarvest and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 11, 2021, the Company announced its 2Q 2021 financial results, disclosing a $32.0 million net loss and lowered its full year sales guidance to $7M to $9M, from a prior range of $20M to $25M, due to “operational headwinds with the ramp up to full production at the company’s first CEA facility, including labor and productivity challenges related to the training and development of the new workforce and historically low market prices for tomatoes.”
On this news, the Company’s stock price plummeted approximately 29%, damaging investors.
If you purchased securities of AppHarvest and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Ragan v. AppHarvest, Inc., No. 21-cv-07985.
Click here to read the first filed complaint.