NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Aphria Inc. (NYSE: APHA) resulting from allegations that Aphria may have issued materially misleading business information to the investing public.
On December 3, 2018, Quintessential Capital Management and Hindenburg Research issued a report claiming that “Aphria is part of a scheme orchestrated by a network of insiders to divert funds away from shareholders into their own pockets” involving the acquisition of shell companies at artificially inflated prices. On this news, Aphria’s stock fell $1.85 per share or approximately 23% to close at $6.05 per share on December 3, 2018. Aphria’s stock has continued to fall sharply on December 4, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Aphria investors. If you purchased shares of Aphria please visit the firm’s website at https://www.rosenlegal.com/cases-1464.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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