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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 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against Greenlane Holdings, Inc. (NasdaqGS: GNLN), if they purchased the Company’s shares in connection with its April 2019 IPO.
Greenlane and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) a major initiative to ban e-cigarette sales and prohibit their manufacture at the headquarters of key partner, JUUL Labs, was introduced by the City of San Francisco; (ii) if approved, the initiative would materially and adversely impact the Company’s financial results and prospects; and (iii) as a result, Greenlane’s Registration Statement and Prospectus were materially false and misleading at all relevant times.
If you purchased shares of Greenlane and would like to discuss your legal rights and how this case might affect 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 Hammond v. Greenlane Holdings, Inc., 19-cv-81259. Click here to read the case complaint.