A lawsuit was filed on behalf of investors in CV Sciences, Inc. (OTC: CVSI) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/12/2018 -- An investor, who purchased shares of CV Sciences, Inc. (OTC: CVSI), filed a lawsuit over alleged violations of Federal Securities Laws by CV Sciences, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of CV Sciences, Inc. (OTC: CVSI) should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that between June 19, 2017 and August 20, 2018, the Defendants failed to disclose that its Patent #15/426,617 received a non-final rejection from the USPTO on April 27, 2017, that a final rejection from the USPTO on December 14, 2017, and that as a result of the foregoing, Defendants' statements about CV Sciences' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
On August 20, 2018, Citron Research published a tweet alleging that CV Sciences' management misrepresented the status of the Company's intellectual property. According to Citron Research, the Company has failed to disclose a rejected patent that the Company "continues to hype."
On August 28, 2018, CV Sciences, Inc. announced that it disputes the allegations in the complaint. CV Sciences also said that allegations in the lawsuit mirror the allegations made in a public "report" by Citron Research, which CV Sciences states is a firm that sources indicate is run by an activist short seller.
Those who purchased shares of CV Sciences, Inc. (OTC: CVSI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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