Lead Plaintiff Deadline: 11/09/2020
SUMMARY OF CASE:
A securities class action has been filed against Harborside Inc. (HSDEF) on behalf of purchasers of the securities of Harborside between July 2, 2019 through August 12, 2020. This case has been filed in the USDC – OR.
The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Harborside had undisclosed material weaknesses and insufficient financial controls; (2) Harborside’s previously issued financial statements were false and unreliable; (3) Harborside’s earlier reported financial statements would need restatement; (4) as a result of the foregoing and subsequent reporting delays, Harborside’s Canadian stock trading would be suspended; (5) Harborside downplayed the negative impacts of errors and delays regarding its financial statements; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.