NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors in Aphria Inc. (NYSE: APHA). Aphria investors should contact Fei-Lu Qian at 877.370.7703 or at email@example.com.
On December 3, 2018, Quintessential Capital Management and Hindenburg Research published a report that claimed, in part, that "Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets" by acquiring shell companies at artificially inflated prices where the insiders were undisclosed beneficiaries of the acquisitions.
As a result of the publication of the report, Aphria declined $3.39 per share or approximately 43% over two trading sessions, to close at $4.51 per share on December 4, 2018.
Wolf Popper has successfully recovered billions of dollars for defrauded investors. The firm's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. See www.wolfpopper.com.
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