Summary:
SMK Law is lead counsel in a proposed class action seeking compensation on behalf of shareholders who suffered losses in the primary and secondary markets as a result of misrepresentations in various filings and communications with shareholders by Farmers Edge. The defendants are Farmers Edge, certain of its officers, directors, and certain other persons. The claim asserts combined losses in excess of $250 million dollars resulting from misrepresentations in the IPO and the secondary markets.
Class Members
The Class consists of all persons and entities, wherever they may reside or be domiciled, who acquired Farmers Edge shares, (a) in the company’s March 2021 IPO, or (b) on the secondary markets between February 9, 2021, and November 11, 2021, and held some of those shares on November 11, 2022. Certain individuals and entities are excluded based on their relationship with the defendants.
Key Developments
- February 22, 2024: Plaintiffs filed a notice of civil claim against defendants alleging violations of securities laws involving misrepresentations to investors.
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