openPR Logo
Press release

Investigation announce for Investors who lost money with shares of Gaia, Inc. (NASDAQ: GAIA) I

11-29-2022 07:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Gaia, Inc. (NASDAQ: GAIA) shares over potential securities laws violations by Gaia, Inc.

An investigation for investors in Gaia, Inc. (NASDAQ: GAIA) shares over potential securities laws violations by Gaia, Inc.

An investigation on behalf of investors of Gaia, Inc. (NASDAQ: GAIA) shares over potential securities laws violations by Gaia, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Gaia, Inc. (NASDAQ: GAIA), 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 focuses on possible claims on behalf of purchasers of the securities of Gaia, Inc. (NASDAQ: GAIA) concerning whether a series of statements by Gaia, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Louisville, CO based Gaia, Inc. operates a digital video subscription service and on-line community for underserved member base in the United States, Canada, Australia, and internationally.On November 7, 2022, Gaia, Inc. revealed "an investigation by the staff of the Denver Regional Office (the 'Staff') of the U.S. Securities and Exchange Commission (the 'SEC')" which began in June 2020. According to the Company, "[i]n September 2022, Gaia and Gaia's Chief Financial Officer ('CFO') reached an agreement in principle with the Staff on a framework for a complete resolution of the investigation." Further, according to the Company, "[t]he agreement in principle contemplates that Gaia would consent, without admitting or denying any findings, to the entry of an administrative order: (1) finding that Gaia (a) misstated in its April 29, 2019 earnings release and earnings call the number of paying subscribers for the period ending March 31, 2019, … and (b) failed to comply with SEC whistleblower protection requirements with respect to the termination of one employee and the language used in severance agreements for other employees; and (2) requiring Gaia to pay a total civil monetary penalty of $2,000[,000] over a one-year period for these violations. At the same time, the CFO would consent, without admitting or denying any findings, to the entry of an administrative order: (1) finding that the CFO caused Gaia's misstatements in the April 29, 2019 earnings release and earnings call that is described above; and (2) requiring the CFO to pay a civil monetary penalty of $50[,000]." The Company also stated "[t]here can be no assurance that the contemplated settlement will be finalized and approved."

Shares of Gaia, Inc. (NASDAQ: GAIA) declined from over $9 per share in early 2022 to as low as $2.22 per share on November 7, 2022.

Those who purchased shares of Gaia, Inc. (NASDAQ: GAIA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announce for Investors who lost money with shares of Gaia, Inc. (NASDAQ: GAIA) I here

News-ID: 2827267 • Views: 398

More Releases from Shareholders Foundation

Investigation announced for Investors in shares of UP Fintech Holding Limited (N …
An investigation was announced for investors of UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential securities laws violations by UP Fintech Holding Limited. Investors who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR), 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 focuses on possible claims on behalf of purchasers of the securities of UP Fintech
Lawsuit filed for Investors who lost money in 2018 with shares of International …
An investor, who purchased shares of International Business Machines Corporation (NYSE: IBM), filed a lawsuit over alleged Securities Laws violations by International Business Machines Corporation ("IBM") in connection with certain allegedly false and misleading statements made between January 18, 2018 and October 16, 2018. Investors who purchased shares of International Business Machines Corporation (NYSE: IBM) have certain options and for certain investors are short and strict deadlines running. Deadline: March 14,
Lawsuit filed for Investors who lost money with shares of Fate Therapeutics, Inc …
An investor, who purchased shares of Fate Therapeutics, Inc. (NASDAQ: FATE), filed a lawsuit i over alleged violations of Federal Securities Laws by Fate Therapeutics, Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Fate Therapeutics, Inc. (NASDAQ: FATE) have certain options and for certain investors are short and strict deadlines running. Deadline: March 22, 2023. NASDAQ: FATE investors should contact the Shareholders Foundation at
Deadline on February 6 coming up in Lawsuit for Investors in Spectrum Pharmaceut …
A deadline is coming up on February 6, 2023 in the lawsuit filed for certain investors of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) over alleged securities laws violations by Spectrum Pharmaceuticals, Inc. Investors who purchased shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) have certain options and there are strict and short deadlines running. Deadline: February 6, 2023. NASDAQ: SPPI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -

All 5 Releases


More Releases for Gaia

Maison De Papillon Launches Project Gaia NYC
FOR IMMEDIATE RELEASE New York City, NY - March 25, 2021 To revive the spirit of New York City, Project Gaia, the first of its kind delivers, artistry and design to the multi-brand shopping experience. Luxury NYC-based womenswear brand Maison De Papillon is reimagining the future of fashion with their newest initiative, Project Gaia NYC. The multi-brand concept store, which is beautifully designed by co-founders Shriya Bisht Misra and
Antiviral Herbal Product Market Growing Popularity and Emerging Trends | Apothec …
A latest study released by AMA research on Global Antiviral Herbal Product Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Antiviral Herbal Product market. The study provides historical data (i.e. Volume** & Value) from 2015 to 2020 and forecasted till 2026*. Click to get Global Antiviral Herbal Product Market
Cannabidiol Oil Market to See Huge Growth by 2025 | ENDOCA, Gaia Botanicals, Iso …
The latest 80+ page survey report on Global Cannabidiol Oil (CBD Oil) Market is released by HTF MI covering various players of the industry selected from global geographies like North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc.), Asia-Pacific (China, India, Japan, Southeast Asia etc.), South America (Brazil, Argentina etc.) & Middle East & Africa (Saudi Arabia, South Africa etc.). A perfect mix of quantitative &
CBD Oil Market 2018 ( ENDOCA, Gaia Botanicals, Isodiol, Medical Marijuana )
CBD Oil Market: Snapshot Cannabidiol (CBD) oil is one of the compounds out of many that come under the category of cannabinoids. It is probably one of the most active ingredients of cannabis (marijuana) and the usage of the compounds has been legalized in numerous parts of the U.S., albeit with varying degrees. A growing body of research world over indicates incredible therapeutic potential of CBD. The large purported health benefits
CBD Oil Market - Competition Assessment 2028 | CV Sciences, Elixinol , Gaia Bota …
Global CBD Oil Market: Overview The report details an exhaustive account of the global CBD oil market along with numerous associated factors. Some of these factors included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a
CBD Oil Market - High growth segments 2028 | ENDOCA, Gaia Botanicals
Global CBD Oil Market: Overview The report details an exhaustive account of the global CBD oil market along with numerous associated factors. Some of these factors included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a