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Investigation announced for Long-Term Investors in Aurora Cannabis Inc. (NYSE: ACB)

03-24-2020 08:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Aurora Cannabis Inc. (NYSE: ACB) shares.

An investigation on behalf of current long term investors in Aurora Cannabis Inc. (NYSE: ACB) shares.

An investigation was announced over potential breaches of fiduciary duties by certain directors of Aurora Cannabis Inc.

Investors who are current long term investors in Aurora Cannabis Inc. (NYSE: ACB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: ACB stocks follows a lawsuit filed against Aurora Cannabis Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ACB stocks, concerns whether certain Aurora Cannabis directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Aurora's revenue would decline in its first quarter of fiscal 2020 ended September 30, 2019, that the Company would halt construction on its Aurora Nordic 2 and Aurora Sun facilities; and that due to the foregoing, defendants' statements about Aurora's receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Aurora Cannabis Inc. (NYSE: ACB) have certain options and should contact the Shareholders Foundation.

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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