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ITHUF.US
id: 631

iAnthus Capital Holdings (ITHUF) $2.9M Shareholder Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
S.D. New York
Court
1:20-CV-03135
Case number
14 May 2018
Class period Start
10 Jul 2020
Class period End
17 Apr 2024
Claim deadline
iAnthus Capital Holdings (ITHUF) agreed to settle $2.9 million to investors to end securities litigation over hiding its ability to pay its interest obligations under various debenture agreements.

They are also paying CAD $500k settlement to Canadian investors for the same case.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.07
Filing date
15 April 2020
Plaintiffs
Jose Antonio Silva
Attorneys
Bronstein, Gewirtz & Grossman, LLC (New York, NY), Pomerantz LLP (New York, NY)
Defendants
Hadley C. Ford, Julius John Kalcevich, Jason Adler.
Judge
Hon. Naomi Reice Buchwald
Administrator
A.B. Data Ltd
Settlement agreement date
2023-03-21
Court hearing date
10 April 2024
Exclusion deadline
20 March 2024
Objection deadline
20 March 2024
Trades matching type
FIFO
+$2,900,000
Total Settlement Amount

Frequently Asked Questions

iAnthus Capital Holdings Inc

iAnthus Capital Holdings, Inc. owns and operates licensed cannabis cultivation, processing, and dispensary facilities in the United States. It offers cannabis flower and trims, such as packaged flo...

    Ticker
    ITHUF.US
    ISIN
    CA45074T1021
    CIK
    1643154
    Sector
    Healthcare
    Industry
    Drug Manufacturers - Specialty & Generic
    Country
    USA
    Address
    214 King Street West, Toronto, ON, Canada, M5H 3S6