World News: 21:05 GMT Thursday 6th December 2018. [Schall Law via Globe Newswire via SPi World News]
LOS ANGELES, Dec. 06, 2018 (GLOBE NEWSWIRE) -- , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aphria Inc.. (“Aphria” or “the Company”) (NYSE: ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Quintessential Capital Management and Hindenburg Research release a report on December 3, 2018, which claimed that “Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets.” The report alleges that the company purchased shell companies at inflated prices in order to enrich those involved in the scheme. Based on this news, Aphria’s shares fell 23% on the same day, and continued to slide in morning trading on December 4, 2018.
If you are a shareholder who suffered a loss, .
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at , or by email at .
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm Brian Schall, Esq. Sherin Mahdavian, Esq.310-301-3335
Globe Newswire: 21:05 GMT Thursday 6th December 2018
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