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Bernstein Liebhard LLP Announces That A Suit Has Been Filed Against GW Pharmaceuticals plc

Submitted by Marijuana News on Sat, 01/23/2016 - 10:01

NEW YORK, Jan. 22, 2016 /PRNewswire/ -- Bernstein Liebhard LLP today announced that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of a class (the "Class") consisting of all persons or entities who purchased GW Pharmaceuticals plc ("GW Pharmaceuticals" or the "Company") (GWPH) American Depository Receipts ("ADRs") between December 4, 2014 and January 8, 2016 (the "Class Period").  The complaint charges GW Pharmaceuticals and certain of its officers with violations of the Securities Exchange Act of 1934. 

Bernstein Liebhard LLP.

GW Pharmaceuticals is a biopharmaceutical company that, along with its subsidiaries, engages in discovering, developing, and commercializing cannabinoid prescription medicines.

The complaint charges GW Pharmaceuticals and certain of its officers with violations of the federal securities laws.  Specifically, the complaint alleges that throughout the Class Period, Defendants failed to disclose that: (1) the Company lacked...

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