Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

CV Sciences, Inc. (CVSI) Class Action Lawsuit (August 2018)

Closed

2:18cv1602 • August 24, 2018

Class Period Start

June 19, 2017

Class Period End

November 15, 2018

PSLRA Deadline

October 23, 2018

Case Allegations

10b5

Statutes of Repose

Jun 19, 2020

Country

United States

Court

Federal Court

Settlement Information

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

July 15, 2022

Settlement Fund

$712,500

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased the common stock of CV Sciences, Inc. (“CV Sciences” or the “Company”) in the United States or on the OTC between June 19, 2017 and August 20, 2018 at 1:21 p.m. EST, inclusive.

Claim Administrator

Analytics Consulting, LLC
CV Sciences Securities Litigation Claims Administrator P.O. Box 2004 Chanhassen, MN 55317-2004
+1 866-645-2347
[email protected]

Hearing Date

July 22, 2022

Opt-out Deadline

July 1, 2022

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jun 23, 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.

Jul 22, 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.

Mar 30, 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.

Mar 9, 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.

Jan 31, 2022

Proposed Settlement

Aug 11, 2021

Scheduling Order

Mar 5, 2021

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in CV Sciences, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Dec 29, 2020

Scheduling Order

Dec 11, 2020

Scheduling Order

Oct 16, 2020

Scheduling Order

Jun 5, 2020

Scheduling Order

Feb 19, 2020

Scheduling Order

Feb 18, 2020

Scheduling Order

Dec 10, 2019

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Apr 30, 2019

Scheduling Order

Apr 25, 2019

Scheduling Order

Mar 5, 2019

Motion to Dismiss

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.

Nov 28, 2018

Scheduling Order

Nov 19, 2018

Scheduling Order

Nov 15, 2018

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.

Sep 6, 2018

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in CV Sciences, Inc.. The allegations and class definitions are substantively the same.

Aug 24, 2018

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in CV Sciences, Inc..

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