SOURCE: Federman & Sherwood

May 01, 2014 11:03 ET

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against CannaVEST Corp.

OKLAHOMA CITY, OK--(Marketwired - May 1, 2014) - On April 29, 2014, a class action lawsuit was filed in the United States District Court for the Southern District of New York against CannaVEST Corp. (OTCQB: CANV). The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is May 20, 2013 through April 3, 2014.

Plaintiff seeks to recover damages on behalf of all CannaVEST Corp. shareholders who purchased common stock during the Class Period outlined above, and are therefore a member of the Class. You, or any member of the putative class, may move the Court no later than Monday, June 23, 2014 for consideration to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

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