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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 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Sundial Growers Inc. (NasdaqGS: SNDL), if they purchased the Company’s securities in connection with its August 2019 Initial Public Offering. This action is pending in the United States District Court for the Southern District of New York.
Sundial 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) the Company failed to fulfill contractual obligations to customer Zenabis Global Inc. to supply saleable cannabis; (ii) Zenabis had returned or rejected a total of 554 kg of cannabis from Sundial, valued at approximately $1.9M USD, due to quality issues; and (iii) as a result, Sundial’s Registration Statement and Prospectus were materially false and misleading at all relevant times.
If you purchased securities of Sundial 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 Huang v. Sundial Growers Inc. et al, 19-cv-8913. Click here to read the case complaint.