Greenlane Holdings, Inc.
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) pursuant or traceable to the April 2019 Initial Public Offering (the “April 2019 IPO”). The lawsuit seeks to recover damages for Greenlane Holdings, Inc. investors under the federal securities laws.
If you bought Greenlane Holdings, Inc. securities pursuant or traceable to the April 2019 IPO, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Greenlane Holdings, Inc.- GNLN
New York, N.Y., September 19, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Greenlane Holdings, Inc. (NASDAQ: GNLN) pursuant or traceable to the April 2019 IPO, inclusive (the “Class Period”).
To join the GNLN class action, go to http://zhanginvestorlaw.com/cases/greenlane-holdings-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period (1) the City of San Francisco had introduced a major initiative to ban the sale of e-cigarette products across three major cities and prohibit the manufacture of products at the headquarters of Greenlane’s key partner, JUUL Labs; (2) if approved, the initiative would materially and adversely impact the Company’s financial results and prospects; and (3) as a result of the foregoing, defendants’ positive statements about Greenlane’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damage
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 12, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/greenlane-holdings-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.