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WILSON v. AURORA CANNABIS INC. et al

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Case overview

Case Number:

2:19-cv-20588

Court:

New Jersey

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Brian R. Martinotti

Firms

  1. October 15, 2024

    Aurora Cannabis Gets First Nod For $8M Investor Suit Deal

    Aurora Cannabis Inc.'s $8.05 million settlement with a proposed class of investors who accused it of orchestrating a $21.7 million "round-trip sale" to keep its stock prices high got a U.S. magistrate judge's initial sign-off along with an order pausing the parties' dispute while the deal is reviewed.

  2. April 07, 2023

    Pot Co. Says Investors Can't Link Sale To Stock Drops

    Aurora Cannabis Inc. is urging a New Jersey federal court to finally throw out claims by a group of investors alleging the company's stock fell after the revelation of the truth behind a $21.7 million "round-trip sale" came out, saying the investors still can't link any of the alleged disclosures to their financial losses.

  3. March 08, 2023

    Pot Investors Say Sham Sale Revelations Caused Stock Drops

    A group of investors in Aurora Cannabis Inc. are urging a New Jersey federal court not to throw out their latest complaint alleging that a $21.7 million "round-trip sale" kept stock prices inflated, saying the complaint need not rule out every possible reason for a stock drop to move forward.

  4. January 11, 2023

    Pot Co. Aurora Aims To Finally Snuff Sham Sale Claims

    Aurora Cannabis Inc. is asking a New Jersey federal court to dismiss claims from investors alleging it kept stock prices high through a $21.7 million sham sale, saying the latest complaint still fails to link a disclosure of that alleged sham to any drop in stock prices.

  5. September 26, 2022

    Aurora Investors Get One More Shot At Sham Deal Claims

    A New Jersey federal judge has again dismissed a proposed class action against Canadian cannabis giant Aurora over an alleged $21.7 million sham deal used to produce a positive balance sheet, giving the plaintiff investors one more chance to plead their claims.

  6. February 24, 2022

    Investors Say Pot Co. Aurora Must Face Sham Deal Claims

    A proposed class of investors has urged a New Jersey federal court to reject Canadian pot giant Aurora's bid to toss their securities case, arguing they've sufficiently alleged the business executed a $21.7 million sham deal with an affiliated entity in an attempt to reach a positive balance sheet.

  7. December 07, 2021

    Pot Co. Aurora Looks To Dodge New Sham Sale Class Action

    Canadian cannabis giant Aurora has asked a New Jersey federal court to nix revised claims from a proposed class of investors over a purported sham transaction, calling the most recent complaint "a desperate attempt to revive their previously dismissed claims."

  8. September 09, 2021

    Investors Take New Shot At Pot Co. Aurora, Allege Sham Sale

    Investors have filed another amended class action against Canadian cannabis giant Aurora in New Jersey federal court after their previous suits were dismissed, detailing a purported "sham transaction" of cannabis used to artificially inflate the company's financial results.

  9. July 07, 2021

    Aurora Sheds Investor Suit Over Canadian Pot Market Claims

    Canadian pot producer Aurora Cannabis Inc. has escaped for now a proposed investor class action after a New Jersey federal judge found the plaintiffs' suit didn't adequately explain how the company misrepresented the Canadian cannabis market to American investors.

  10. January 20, 2021

    Aurora Knew Canada's Pot Market Was Bearish, Investors Say

    A group of investors has pushed back against Canadian cannabis company Aurora's bid to dismiss their stock-drop suit, saying the company has all but admitted it knew the country's marijuana market was oversaturated.

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