A lawsuit was filed on behalf of investors in Harborside Inc. (OTC:HSDEF) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 09/21/2020 -- An investor, who purchased shares of Harborside Inc. (OTC: HSDEF), filed a lawsuit over alleged violations of Federal Securities Laws by Harborside Inc. in.
Investors who purchased shares of Harborside Inc. (OTC: HSDEF) have certain options and for certain investors are short and strict deadlines running. Deadline: November 9, 2020. OTC: HSDEF investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On July 10, 2020, Harborside Inc. announced that it would not "complete the filing of the Restated Audit and Annual Filings by its previously expected filing date of July 10, 2020." The Company also announced that it would continue to "be subject to the previously disclosed cease trade order" in Canada. Lastly, the Company announced that it would delay its annual shareholders meeting
The plaintiff claims that between July 2, 2019 and August 12, 2020, the defendants made false and/or misleading statements and/or failed to disclose that Harborside had undisclosed material weaknesses and insufficient financial controls, that Harborside's previously issued financial statements were false and unreliable, that Harborside's earlier reported financial statements would need restatement, that as a result of the foregoing and subsequent reporting delays, Harborside's Canadian stock trading would be suspended, that Harborside downplayed the negative impacts of errors and delays regarding its financial statements, and that 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.
Those who purchased shares of Harborside Inc. (OTC: HSDEF) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.