Levi & Korsinsky, LLP announces that a NEPT class action lawsuit has been filed on behalf of investors who purchased Neptune Wellness Solutions Inc. (NEPT) securities between July 24, 2019 and February 16, 2021. For more on the NEPT Lawsuit please contact us today.
According to the Neptune Wellness lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the cost of Neptune’s integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than the Company had acknowledged, placing significant strain on the Company’s capital reserves; (ii) accordingly, it was reasonably foreseeable that the company would need to conduct additional stock offerings to raise more capital; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Neptune Wellness you have until May 17, 2021, 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, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171