LOS ANGELES–()–Glancy Prongay & Murray LLP (“GPM”), a main nationwide shareholder rights regulation agency, at this time introduced that it has commenced an investigation on behalf of Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) traders in regards to the Company’s potential violations of the federal securities legal guidelines.

If you suffered a loss on your Aurora investments or want to inquire about probably pursuing claims to recuperate your loss beneath the federal securities legal guidelines, you may submit your contact info at https://www.glancylaw.com/cases/aurora-cannabis-inc/. You also can contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or by way of electronic mail at shareholders@glancylaw.com to study extra about your rights.

On September 8, 2020, the Company introduced that it anticipated to report as much as $1.Eight billion in goodwill impairment fees in fourth quarter 2020. According to Aurora’s press launch, these fees included “up to $90 million” in fastened asset impairment fees “due to production facility rationalization, and a charge of approximately $140 million in the carrying value of certain inventory, predominantly trim, in order to align inventory on hand with near term expectations for demand.”

On this information, the Company’s inventory value fell $0.99 per share, or greater than 11%, to shut at $7.52 per share on September 8, 2020, thereby injuring traders.

Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice: Persons with private info relating to Aurora ought to contemplate their choices to assist the investigation or take benefit of the SEC Whistleblower Program. Under this system, whistleblowers who present unique info might obtain rewards totaling as much as 30 p.c of any profitable restoration made by the SEC. For extra info, name Charles H. Linehan at 310-201-9150 or 888-773-9224 or electronic mail shareholders@glancylaw.com.

About GPM

Glancy Prongay & Murray LLP is a premier regulation agency representing traders and shoppers in securities litigation and different complicated class motion litigation. ISS Securities Class Action Services has persistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a high 5 regulation agency in quantity of securities class motion settlements, and a high six regulation agency for whole greenback measurement of settlements. With 4 workplaces throughout the nation, GPM’s almost 40 attorneys have gained groundbreaking rulings and recovered billions of {dollars} for traders and shoppers in securities, antitrust, client, and employment class actions. GPM’s attorneys have dealt with instances overlaying a extensive spectrum of company misconduct together with instances involving monetary restatements, inner management weaknesses, earnings administration, fraudulent earnings steerage and ahead trying statements, auditor misconduct, insider buying and selling, violations of FDA rules, actions leading to FDA and DOJ investigations, and lots of different kinds of company misconduct. GPM’s attorneys have labored on securities instances relating to just about all industries and sectors within the monetary markets, together with, power, client discretionary, client staples, actual property and REITs, monetary, insurance coverage, info expertise, well being care, biotech, cryptocurrency, medical gadgets, and lots of extra. GPM’s previous successes have been broadly coated by main information and business publications corresponding to The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

This press launch could also be thought-about Attorney Advertising in some jurisdictions beneath the relevant regulation and moral guidelines.



Source link