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SNDL.US
id: 234, Created by Stan Vick Chase, Scout

Sundial Growers Inc

Settled
01 August 2019
Class period Start
31 October 2019
Class period End
05 October 2022
Claim deadline
Sundial Growers Inc. Securities Litigation.
"The Action involves allegations that Defendants violated certain federal securities laws by making misrepresentations or omissions of material fact in the offering documents issued in connection with Sundial’s IPO. The complaint alleges, among other things, that the offering documents included inflated estimates of the Company’s second quarter 2019 revenue based on revenue recognized in violation of its own accounting policies and International Financial Reporting Standards. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability or damage whatsoever asserted in the Action."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
0998735 BC LTD, David Draiman, Yimin Huang
Attorney
The Rosen Law Firm, Levi & Korsinsky
Court
Southern District of New York
Judge
Hon. Andrew L. Carter, Jr.
Administrator
Strategic Claims Services
Court hearing date
12 October 2022
Settlement conditions
IPO and with connection IPO Docs
+$7,000,000
Total Settlement Amount
Created by Stan Vick Chase, Scout

Sundial Growers Inc

SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultiv...

    Ticker
    SNDL.US
    ISIN
    CA83307B1013
    Sector
    Healthcare
    Industry
    Drug Manufacturers-Specialty & Generic
    Country
    USA
    Address
    919?11 Avenue SW, Calgary, AB, Canada, T2R 1P3