Former Newstrike Brands Ltd. investors lodge claim against HEXO CORP. Former Newstrike Brands Ltd. investors lodge claim against HEXO CORP.
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Former Newstrike Brands Ltd. investors lodge claim against HEXO CORP.

(February 14, 2020) Morganti & Co. has been retained by multiple investors that held shares of Newstrike Brands Ltd. (“Newstrike”) to advance a statutory and the related common law claim against HEXO Corp. The claim alleges that HEXO Corp. induced Newstrike investors to rely upon misrepresentations about HEXO Corp.’s Quebec Supply Agreement in making the…

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Morganti & Co. + Retail Investors: Settlement reached with Namaste Technologies, Inc.

(July 25, 2019).  Morganti & Co. is pleased to announce that, on behalf of Canadian and German investors, it has reached a settlement valued at CAD $2.8 million with Namaste Technologies, Inc. to resolve claims that it released investor documents omitting material facts about its divesture of “Dollinger Enterprises US, Inc.”, between November 29, 2017…

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Alberta’s first statutory open-stock market decision seeks to protect shareholders

(June 24, 2019). The Court of Queen’s Bench of Alberta has released its first decision relating to shareholders’ burden to seek “leave to proceed” with a statutory secondary market (a/k/a, open market purchase) claim against a responsible issuer.  The decision is identified as Stevens v. Ithaca Energy Inc., 2019 ABQB 474. Ithaca Energy had listed…

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Ontario Appellant Court will examine an Underwriters’ Duty of Care to Investors

(April 8, 2019).  In LBP Holdings Ltd. v. Hycroft Mining Corp., 2017 ONSC 6342, the Ontario Superior Court of Justice (Justice Perell) declined to certify a negligence misrepresentation class action claim against the underwriters of Hycroft Mining Corp.’s (“Hycroft”) secondary offering. The Plaintiff alleged that the prospectus associated with Hycroft’s secondary offering contained misrepresentations (by…

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Protecting the Micro-Cap Investor: Colt Resources Inc.

(April 5, 2019).  Lawyers Andrew Morganti, Albert Pelletier, and Hadi Davarinia were successful in earning the Ontario Superior Court of Justice’s approval to grant their clients’ motion for leave to proceed towards discovery and trial against Colt Resources Inc. (“Colt”) and several of its former officers and directors.  The decision is styled as Kauf v….

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Tulips to Cannabis: Bubbles Will Burst

(March 30, 2019).  Tulips bankrupted thousands of investors, Dot.coms managed by amateurs bankrupted hundreds of thousands of investors, and so market participants have been warned that Cannabis companies with the lofty valuations as Dot.coms managed by the same type of amateurs will too burst.  Your dreams of becoming a successful investor will simply go up…

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News Alert to Canadian Publicly Listed Companies: Continuous Disclosure Obligations Trump the Business Judgment Rule

(March 7, 2019).  Morganti & Co. is please to announce that it represented investors against Ithaca Energy Inc. (“Ithaca Energy”) in Alberta’s first “leave to proceed” motion to advance to trial hearing.  Prior to going to trial the plaintiff investor (a/k/a, representative investor) must obtain leave to proceed to trial from the judge.  This requires…

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Show Us the Assets: Investors Demand That Mining Company Be Truthful About Its Assets

(December 13, 2018). Since January 31, 2017, Colt Resources, Inc.’s (“Colt”) securities have not traded and the Company has intentionally avoided its continuous disclosure obligations.  Indeed, its investors have been in the dark only learning of material facts concerning Colt’s assets being abandoned, forfeited, lost, and sold. Prior to going to trial the plaintiff investor (a/k/a,…

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Writing Off An Investment Loss May Be Avoidable: Morganti & Co.’s Shareholder Litigation Practice

(December 13, 2018). Aggrieved investors are able to seek recovery for their investment losses from bad investments under certain circumstances.  Morganti & Co. offers its legal services to represent aggrieved investors in seeking damages from directors and officers of companies that mislead investors.  The legal services are provided on a contingency fee basis and the Firm…

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Morganti & Co. further expansion: New Lawyers, Mandates, and Office

(December 1, 2018).  Morganti & Co., P.C., is pleased to announce that it has relocated to 21 St. Clair Street East, Suite 1102, Toronto, Ontario M4T 1L9.  The space reaches approximately 3,000 sq. ft. and is in the process of being transferred into a technologically advanced legal hub.  During 2018, Morganti & Co. settled three…

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      For the shares purchased during the identified "class period", those shares are automatically considered to be included within the proceeding. For shares purchased outside of the identified "class period", those are not automatically included and you may be required to retain your own lawyer.

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