NEW YORK, April 14, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm announces that it is investigating claims on behalf of purchasers of CannaVEST Corp. ("CANV" or the "Company") (OTCMKTS: CANV) securities during the period between May 20, 2013 and April 3, 2014, inclusive (the "Class Period").
If you have suffered a net loss from your investment in CANV securities purchased on or after May 20, 2013, and held through the revelation of negative information on April 3, 2014, as described below, you may obtain additional information about this investigation at no cost to you, by contacting Tripp Levy PLLC at www.tripplevy.com, by email at [email protected], or by calling us toll free at 1-877-772-3975.
The investigation concerns defendants' potential violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that its financial statements for the first three quarters of 2013 were allegedly false and misleading and could not be relied upon. Specifically, CANV stated that the purchase price and the allocation of the purchase price related to PhytoSPHERE Systems were not conducted in accordance generally accepted accounting principles in the United States. Further, that sales and cost of sales for the Company's quarter ended March 31, 2013 were incorrect.
Following the revelation on April 3, 2014, after the markets closed, the value of CANV shares declined by approximately 20 percent.
If you are a shareholder of CANV during the Class Period and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: [email protected]
Tripp Levy PLLC is a leading national securities law firm that has extensive experience in securities litigation and, along with its affiliates, has recovered billions of dollars on behalf of shareholders around the globe. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
If you are a shareholder of DFC and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country. Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
SOURCE Tripp Levy PLLC