Faruqi and Faruqui, LLP Logo
Share this page

Aphria Inc. (APHA)

NYSE:APHA

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Aphria Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Aphria Inc. (“Aphria” or the “Company”) (NYSE:APHA) of the February 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Aphria stock or options between July 17, 2018 and December 4, 2018 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Aphria securities between July 17, 2018 and December 4, 2018 (the “Class Period”).  The case, Jakobsen v. Aphria, Inc. et al., No. 18-cv-11376 was filed on December 5, 2018.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose to investors: (1) that the Latin American assets acquired by the Company lacked adequate licenses to operate and were overvalued; and (2) that the acquisition of the Latin American assets would enrich the Company’s CEO and other insiders at the expense of shareholders.

Specifically, on December 3, 2018, Quintessential Capital Management and Hindenburg
Research published a report alleging, among other things, that the Company’s recent acquisitions
in Latin America were part of a series of transactions designed to enrich Company insiders and
that these acquisitions lacked established operations and/or licenses to operate in the cannabis
industry.

Following the publication of this report, Aphria’s share price fell from $6.05 per share on December 3, 2018 to a closing price of $4.51 on December 4, 2018—a $1.54 or a 25.44% drop.

Contact Us

To contact Faruqi & Faruqi, LLP please call (877) 247-4292 or (212) 983-9330, or please
fill out the form below and a Firm representative will contact you.

  • Case:
    Aphria Inc. (APHA)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/03/2018

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.