A lawsuit was filed by a current investor in shares of Growlife Inc (OTCBB:PHOT) over alleged breaches of fiduciary duties and current PHOT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 08/27/2014 -- An investor who currently holds shares of Growlife Inc (OTCBB:PHOT) filed a lawsuit against certain directors of Growlife Inc over alleged breaches of fiduciary duties.
Investors who purchased shares of Growlife Inc (OTCBB:PHOT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that certain executives at Growlife Inc allegedly manipulated Growlife Inc’s share price to issue below-market shares to insiders, then dumped millions of shares in the market just before Growlife Inc was suspended from trading.
On April 10, 2014, the Securities and Exchange Commission (“SEC”) temporarily suspended trading of GrowLife securities for 10 market days. The SEC said that it was suspending the trading because of concerns regarding the accuracy and adequacy of information.
Those who purchased shares of Growlife Inc (OTCBB:PHOT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com