NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 12, 2019 to file lead plaintiff applications in a securities class action lawsuit against Greenlane Holdings, Inc. (NasdaqGS: GNLN), if they purchased the Company’s shares in connection with its April 2019 IPO. This action is pending in the United States District Court for the Southern District of Florida.
What You May Do
If you purchased shares of Greenlane 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 protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-gnln/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by November 12, 2019.
About the Lawsuit
Greenlane and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) a major initiative to ban e-cigarette sales and prohibit their manufacture at the headquarters of key partner, JUUL Labs, was introduced by the City of San Francisco; (ii) if approved, it would materially and adversely impact the Company’s financial results and prospects; and (iii) as a result, Greenlane’s Registration Statement and Prospectus were materially false and misleading at all relevant times.
The case is Hammond v. Greenlane Holdings, Inc., 19-cv-81259.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.