CLASS ACTION UPDATE for SNDL, FTCH and OLLI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Monday, October 21, 2019 11:30 AM
NEW YORK, NY / ACCESSWIRE / October 21, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine your eligibility and get free access to our shareholder support tools that provide you with case updates, automated loss calculations and claims recovery assistance, please contact the firm via the links below. There will be no cost or obligation to you.
Sundial Growers Inc. (NASDAQ:SNDL)
Lawsuit on behalf of: investors who purchased pursuant and/or traceable to the registration statement issued in connection with Sundial's August 1, 2019 initial public stock offering.
Lead Plaintiff Deadline : November 25, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/sundial-growers-inc-loss-form?prid=3997&wire=1
According to the filed complaint, (1) Sundial failed to supply saleable cannabis in line with contractual obligations to Zenabis Global Inc.; (2) due to material quality issues, Zenabis had to return or reject a total of 554 kg of cannabis to Sundial, valued at approximately U.S. $1.9 million (C$2.5 million); and (3) as a result, defendants' statements about Sundial's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Farfetch Limited (NYSE:FTCH)
Lawsuit on behalf of: investors who purchased all persons and entities who purchased or otherwise acquired Farfetch Class A ordinary shares between September 21, 2018, and August 8, 2019, inclusive, including those who purchased or otherwise acquired Farfetch Class A ordinary shares pursuant and/or traceable to the registration statement and prospectus issued in connection with Company's September 21, 2018 initial public offering.
Lead Plaintiff Deadline : November 18, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/farfetch-loss-form?prid=3997&wire=1
According to the filed complaint, (1) the Company would refuse to reduce merchandise prices to match the rest of the market; (2) this sub-optimal pricing strategy rendered the Company's platform highly susceptible to underpricing by competitors, despite what Defendants touted as a "superior" platform; and (3) as a result, the Company's past and projected Platform Gross Merchandise Value growth rates were foreseeably unsustainable. As a result of the foregoing, Defendants' statements about the Company's business strategy and growth prospects lacked a reasonable basis at all relevant times.
Ollies Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)
Lawsuit on behalf of: investors who purchased June 6, 2019 - August 28, 2019
Lead Plaintiff Deadline : November 18, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/ollies-bargain-outlet-holdings-inc-loss-form?prid=3997&wire=1
According to the filed complaint, during the class period, Ollies Bargain Outlet Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company suffered a supply chain issue that impacted the initial inventory available at new stores; (2) as a result, the Company lacked sufficient inventory to meet demand at certain store locations; (3) as a result, the Company's comparable store sales were likely to decrease quarter-over-quarter; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP