India Globalization Capital Inc. Class Action Lawsuit - IGCC

Company
India Globalization Capital Inc. (OTCMKTS: IGCC)
Lead Plaintiff Deadline
January 2, 2019 (Expired)
Class Period
October 25, 2017 - October 29, 2018

Expired

Lead Plaintiff Deadline

Jan 2, 2019

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Allegations

(1) India Globalization’s business model was in a state of change in order to lure potential blockchain and cannabis investors; (2) India Globalization had overstated the benefits of its relationships with manufacturers, partners, and distributors in order to inflate the Company’s potential commercial success in the blockchain and cannabis markets; (3) as a result, the NYSE delisted India Globalization’s shares from their exchange; and (4) consequently, Defendants’ statements about India Globalization’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On October 29, 2018 India Globalization announced that NYSE Regulation would begin the process of delisting the Company and trading would halt immediately.

Eligibility

In order to be eligible to join the IGCC class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until January 2, 2019 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.

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