Robbins Arroyo LLP: India Globalization Capital, Inc. (IGC) Sued for Misleading Investors
IGC Pharma, Inc. (IGC)
NASDAQ:AMEX Investor Relations:
igcinc.us/investor-center/overview
Company Research
Source: Business Wire
SAN DIEGO & BETHESDA, Md.--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of India Globalization Capital, Inc. (AMEX: IGC) has filed a derivative complaint against the company's officers and directors for breaches of fiduciary duty from October 25, 2017 through the present. India Globalization develops and commercializes cannabis-based therapies. View this information on the law firm's Shareholder Rights Blog:https://www.robbinsarroyo.com/india-globalization-capital-jun-19/ India Globalization Accused of Inflating Stock Price According to the complaint, since 2017, India Globalization had touted its business prospects and competitive advantage in the medical cannabis industry. However, it had just taken advantage of the cryptocurrency and cannabis-stock craze to send its stock soaring up to $13 per share in October 2018. Executives promoted the usag
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IGC
Sec Filings
- 5/3/24 - Form EFFECT
- 4/18/24 - Form S-3
- 4/5/24 - Form 8-K
- IGC's page on the SEC website