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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of 22nd Century Group Inc (NYSE: XXII) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of 22nd Century Group Inc (NYSE: XXII) concerning whether a series of statements by 22nd Century Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 25, 2018, an article was published on Seeking Alpha revealed that the Securities and Exchange Commission (“SEC”) may be investigating 22nd Century for its participation in a pump and dump scheme.
Following this news, NYSE: XXII fell 4.3% to close at $2.45 per share on October 25, 2018.
Based in Williamsville, New York, and founded in 1998 22nd Century Group Inc provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding.
If you purchased shares of 22nd Century Group Inc (NYSE: XXII) on or before October 25, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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