NEW YORK, April 25, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased CannaVEST Corp. ("CannaVEST" or the "Company") (OTC MKTS:CANV) common stock between May 20, 2013 and April 3, 2014.
Click here to learn more about the action http://zlk.9nl.com/cannavest-canv, or call: 877-363-5972. There is no cost or obligation to you.
On April 4, 2014, the Company announced that its previously issued financial statements for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013 would be restated due to errors associated with the purchase price allocation for the assets acquired related to PhytoSPHERE Systems. Shares of CannaVEST are down from a close of $30.00 per share on April 4, 2014, to a most recent close of $20.70 per share.
If you suffered a loss in CannaVEST you have until June 23, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cannavest-canv.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP