APPH LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Appharvest, Inc. Shareholders
November 11, 2021 5:22 AM EST | Source: Jakubowitz Law
New York, New York--(Newsfile Corp. - November 11, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of AppHarvest, Inc. (NASDAQ: APPH).
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https://claimyourloss.com/securities/appharvest-inc-loss-submission-form/?id=21067&from=5
Affected shareholders purchased shares of APPH between May 17, 2021 and August 10, 2021
Shareholders interested in representing the class of wronged shareholders have until November 23, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, AppHarvest, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) AppHarvest lacked sufficient training for its recently expanded labor force; (2) as a result, the Company could not produce Grade No. 1 tomatoes consistently; (3) as a result, the Company's financial results would be adversely impacted; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102999