EQUITY ALERT: The Rosen Law Firm Files Securities Fraud Class Action Against GrowLife, Inc. -- PHOT
April 18 2014 - 10:55PM
The Rosen Law Firm, P.A. announces that it has filed a class action
lawsuit on behalf of purchasers of GrowLife, Inc. (OTC:PHOT)
securities between November 14, 2013 and April 9, 2014, inclusive
(the "Class Period"), seeking to recover damages for violations of
the federal securities laws.
To join the GrowLife class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan,
Esq. toll-free, at 866-767-3653; you may also email at
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. The lawsuit is pending in the U.S. District Court for
the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, GrowLife issued materially false and
misleading statements about its true financial condition. On April
10, 2014, the U.S. Securities and Exchange Commission (the "SEC")
temporarily suspended trading of GrowLife securities. In suspending
the trading of GrowLife securities, the SEC stated that "[t]he
Commission temporarily suspended trading in the securities of PHOT
because of questions that have been raised about the accuracy and
adequacy of information in the marketplace and potentially
manipulative transactions in PHOT's common stock." On April 11,
2014, analyst Rolling O Research published an article questioning
GrowLife's share-based compensation practices.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 17, 2014. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, or to discuss your
rights or interests regarding this class action, please contact
Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm,
toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com. You may also visit the firm's website at
http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Contact Information:
Laurence M. Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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