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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 May 5, 2020 to file lead plaintiff applications in a securities class action lawsuit against Tilray, Inc. (NasdaqGS: TLRY).
Tilray and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 2, 2020, the Company announced its 4Q and FY 2019 financial results, disclosing a $321.2 million net loss for the year, or $3.20 per share, compared to $67.7 million, or $0.82 per share, for 2018, and “non-cash charges of $112.1 million related to impairment of the Authentic Brands Group LLC (‘ABG’) agreement as well as $68.6 million in inventory reserves.”
On this news, the price of Tilray’s shares plummeted.
If you purchased securities of Tilray 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 (email@example.com), or fill out the form on this page.
The case is Chad Ganovsky, et al. v. Tilray, Inc., et al., 20-cv-01240.
Click here to read the first filed complaint.