INVESTOR ALERT: Class Action Lawsuit Against CannaVEST Corp. Announced By
Glancy Binkow & Goldberg LLP
LOS ANGELES -- May 13, 2014
Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of a class (the “Class”) comprising all purchasers of the
common stock of CannaVEST Corp. (“CannaVEST” or the “Company”) (OTC:CANV)
between May 20, 2013 and April 3, 2014, inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224 or at
(212) 682-5340, or by email to firstname.lastname@example.org to discuss this
CannaVEST develops, produces, markets and distributes hemp-based consumer
products to the nutriceutical industry in the United States. The Complaint
alleges that throughout the Class Period defendants issued false and
misleading statements or failed to disclose that the Company was
misrepresenting and inflating its sales and also exaggerating its goodwill.
On April 3, 2014, CannaVEST announced that on March 28, 2014, management
concluded that the Company’s previously issued financial statements contained
in the Company’s Quarterly Reports on Form 10-Q for the quarters ended March
31, 2013, June 30, 2013, and September 30, 2013, should no longer be relied
upon, and that sales and cost of sales for the quarter ended March 31, 2013,
If you are a member of the Class described above, you may move the Court no
later than June 23, 2014, to serve as lead plaintiff, if you meet certain
legal requirements. To be a member of the Class you need not take any action
at this time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more about this
action, or have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Michael Goldberg,
Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite
2920, New York, New York 10168, at (212) 682-5340, by e-mail to
email@example.com, or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone number
and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Glancy Binkow & Goldberg LLP, New York, NY
212-682-5340 or 888-773-9224
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