(Business Wire) – The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GrowGeneration Corp. (“GrowGeneration” or “the Company”) (NASDAQ: GRWG) for violations of the securities laws.
“one of the most questionable we have ever seen at a public company.”
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GrowGeneration is the subject of a research report published by Hindenburg Research on August 21, 2020. The report, titled “GrowGeneration: This Latest Euphoric Retail Stock Has The Brightest Management Red Flags We’ve Ever Seen—70%+ Downside,” makes numerous allegations against the Company, labeling its executive team “one of the most questionable we have ever seen at a public company.”
According to the report, “Top executives have extensive ties to alleged pump & dump schemes, organized crime and various acts of fraud.” Based in part on this report, shares of GrowGeneration traded down sharply on August 20 and 21, 2020, harming investors.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.