CLASS ACTION UPDATE for FRCB, CGC and LAZR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 19, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

FRCB Shareholders Click Here: https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?prid=41057&wire=1
CGC Shareholders Click Here: https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=41057&wire=1
LAZR Shareholders Click Here: https://zlk.com/pslra-1/luminar-lawsuit-submission-form?prid=41057&wire=1

* ADDITIONAL INFORMATION BELOW *

First Republic Bank (OTCMKT:FRCB)

FRCB Lawsuit on behalf of: investors who purchased January 14, 2021 - April 27, 2023
Lead Plaintiff Deadline : June 23, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?prid=41057&wire=1

According to the complaint, Defendants misrepresented the strength of the Company's balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic's business model. Defendants also misrepresented the strength of the Company's ability to deliver consistent results across different interest rate environments, the diversity of the Company's deposit funding base, and the Company's ability to generate net interest income ("NII") growth and maintain stable net interest margin ("NIM").

Canopy Growth Corporation (NASDAQ:CGC)

CGC Lawsuit on behalf of: investors who purchased May 31, 2022 - May 10, 2023
Lead Plaintiff Deadline : July 24, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/canopy-growth-lawsuit-submission-form?prid=41057&wire=1

According to the filed complaint, during the class period, Canopy Growth Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) there were material weaknesses in the Company's internal controls over accounting and financial reporting; (2) as a result, the Company improperly booked sales of its BioSteel business unit; (3) as a result, the Company's revenue was overstated; 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.

Luminar Technologies, Inc. (NASDAQ:LAZR)

LAZR Lawsuit on behalf of: investors who purchased February 28, 2023 - March 17, 2023
Lead Plaintiff Deadline : July 25, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/luminar-lawsuit-submission-form?prid=41057&wire=1

According to the filed complaint, during the class period, Luminar Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Luminar had misappropriated an image of a competitor's photonic integrated circuit ("PIC") to market the Company's own products and capabilities; (ii) the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action; (iii) all the foregoing, once revealed, was likely to negatively impact Luminar's business and reputation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE : Levi & Korsinsky, LLP

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