NEW YORK, April 18, 2014 /PRNewswire/ --
Lifshitz & Miller announces an investigation into CannaVest Corp. (CANV) for possible breaches of fiduciary duty and/or securities laws violations. On April 4, 2014, the Company announced that management has determined that the previously issued financial statements for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 should be restated because of errors associated with the purchase price allocation for the assets acquired related to PhytoSPHERE Systems.
FedFirst Financial Corp.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of FedFirst Financial Corp. ("FFCO") to CB Financial Services, Inc. in a cash and stock transaction valued at approximately $54.5 million. FFCO shareholders will elect to receive $23.00 in cash or 1.1590 shares of CB common stock for each FFCO share subject to certain proration.
Lifshitz & Miller's investigation is focused on whether the proposed deal provides adequate value to FFCO shareholders.
Lifshitz & Miller announces an investigation into Growlife, Inc. (PHOT) for possible breaches of fiduciary duty and/or securities laws violations. Trading in PHOT was temporarily halted on April 10 by the SEC "because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."
Kansas City Southern
Lifshitz & Miller announces that a class action lawsuit has been filed in the United States District Court for the Western District of Missouri on behalf of investors who purchased Kansas City Southern (KSU) common stock between October 18, 2013 and February 18, 2014. The Complaint alleges that KSU issued materially false and misleading statements. Specifically, the Complaint alleges: (1) that KSU's utility coal volumes and crude oil shipments were declining below forecasted levels during its 2013 fourth quarter; (2) that the construction of the Company's new Port Arthur crude oil terminal was experiencing operational difficulties which was delaying its completion and the Company's realization of the benefits from the plant; and (3) that Mexican government officials were privately clamoring to take back or control the monopoly pricing power KSU had by way of an agreement giving KSU and another company exclusive use of tracks in Mexico.
Lifshitz & Miller is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.jlclasslaw.com.
ATTORNEY ADVERTISING. © 2014 Lifshitz & Miller. The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Email: [email protected]
SOURCE Lifshitz & Miller Law Firm