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Aurora Cannabis Investor Suit Advances on New Ties to Selloff

May 29, 2023May 29, 2023

Aurora Cannabis Inc. investors can proceed with claims that the company inflated its stock price through a “sham” transaction thanks to new information in analyst and media reports that linked the allegations to lower share prices, a federal court ruled.

The fourth version of the proposed class complaint survives dismissal, the US District Court for the District of New Jersey said in an opinion entered in the docket Aug. 25.

The shareholders say Aurora and two of its officers included a cannabis sale to a subsidiary in its earnings projections for the fourth quarter of 2019. The sale allegedly lacked ...

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