NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of KushCo Holdings, Inc. (OTC: KSHB) from July 13, 2017 through April 9, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for KushCo investors under the federal securities laws.
If you wish to serve as lead plaintiff, you must move the Court no later than July 1, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation http://zhanginvestorlaw.com/join-action-form/?slug=kushco-holdings-inc&id=1846 or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. or Spencer Lee toll-free at 800-991-3756 or email firstname.lastname@example.org, email@example.com for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) KushCo made material accounting errors in connection with its acquisitions of CMP Wellness LLC, Summit Innovations, LLC, and The Hybrid Creative; (2) KushCo’s previously issued financial statements for the fiscal years ended August 31, 2018 and August 31, 2017 could not be relied upon; (3) KushCo’s net loss for the fiscal year ended August 31, 2018 was more than twice as high than previously reported; (4) KushCo and its management’s assurances that its financial statements for those fiscal years and periods were accurate and fairly reported could not be relied upon; and (5) as a result, KushCo’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.
Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
tel: (800) 991-3756