Securities fraud litigation history and active cases
In Litigation
1
Settlement
0
Closed
2
Total Settlement
$13M
24-2121 • May 23, 2023
Class Period Start
June 1, 2021
Class Period End
June 22, 2023
PSLRA Deadline
July 24, 2023
Case Allegations
10b5
Statutes of Repose
Jun 1, 2024
Country
United States
Court
Federal Court
Aug 9, 2024
Jul 17, 2024
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Mar 7, 2024
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Jan 22, 2024
A new complaint has been filed on behalf of certain investors in Canopy Growth Corp. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Nov 30, 2023
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
1:25cv1877 • April 4, 2025
Class Period Start
May 30, 2024
Class Period End
February 6, 2025
PSLRA Deadline
June 3, 2025
Case Allegations
10b5
Statutes of Repose
May 30, 2027
Country
United States
Court
Federal Court
Jan 22, 2026
Voluntary Dismissal
The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.
Nov 21, 2025
Appointment of Lead Plaintiff
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Apr 4, 2025
First Filed Complaint
A securities fraud class action complaint has been filed on behalf of certain investors in Canopy Growth Corp.
2:19cv20543 • November 20, 2019
Class Period Start
June 26, 2018
Class Period End
August 26, 2020
PSLRA Deadline
January 21, 2020
Case Allegations
10b5
Statutes of Repose
Jun 26, 2021
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
June 14, 2022
Settlement Fund
$13,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired the publicly traded securities (“Stock”) of Canopy Growth Corporation (“Canopy” or “Company”) between June 27, 2018 and May 28, 2020, both dates inclusive.
Claim Administrator
Strategic Claims Services
Canopy Securities Litigation
c/o Strategic Claims Services
600 N. Jackson St., Ste. 205
P.O. Box 230
Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/canopy/Hearing Date
June 7, 2022
Opt-out Deadline
May 17, 2022
Settlement Note
Download hereProof Of Claim
Download here
May 3, 2023
Disbursement Approved
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Jun 7, 2022
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Feb 7, 2022
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Feb 7, 2022
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Feb 4, 2022
Proposed Settlement
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