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CLASS ACTION UPDATE for GDOT, CGC and EXC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / January 20, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Green Dot Corporation (GDOT)
GDOT Lawsuit on behalf of:
investors who purchased May 9, 2018 - November 7, 2019
Lead Plaintiff Deadline: February 18, 2020
Join the action: https://www.zlk.com/pslra-1/green-dot-corporation-loss-form?wire=3&prid=5306

The lawsuit alleges: Green Dot Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers; (2) Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment; (3) consequently, Green Dot's strategy was self-sabotaging; and (4) as a result of the foregoing, Defendants' statements about its business and operations were materially false and misleading at all relevant times.

To learn more about the Green Dot Corporation class action, contact jlevi@levikorsinsky.com.

Canopy Growth Corporation (CGC)
CGC Lawsuit on behalf of:
investors who purchased June 21, 2019 - November 13, 2019
Lead Plaintiff Deadline: January 21, 2020
Join the action: https://www.zlk.com/pslra-1/canopy-growth-corporation-loss-form?wire=3&prid=5306

The lawsuit alleges that, during the class period, Canopy Growth Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the Canopy Growth Corporation class action, contact jlevi@levikorsinsky.com.

Exelon Corporation (EXC)
EXC Lawsuit on behalf of:
investors who purchased February 9, 2019 - November 1, 2019
Lead Plaintiff Deadline: February 14, 2020
Join the action: https://www.zlk.com/pslra-1/exelon-corporation-loss-form?wire=3&prid=5306

The lawsuit alleges: Exelon Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) Exelon and/or its employees were engaged in unlawful lobbying activities; (ii) the foregoing increased the risk of a criminal investigation into Exelon; (iii) Exelon subsidiary Commonwealth Edison's revenues were in part the product of unlawful conduct and thus unsustainable; and (iv) that, as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Exelon Corporation class action, contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



View source version on accesswire.com:
https://www.accesswire.com/573579/CLASS-ACTION-UPDATE-for-GDOT-CGC-and-EXC-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders