Pomerantz Appointed Lead Counsel in Neptune Wellness Solutions Securities Litigation

On January 4, 2022, U.S. Magistrate Judge Arlene R. Lindsay of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Kenneth Rickert, the Lead Plaintiff in Gong v. Neptune Wellness Solutions Inc., 21-cv-1386 (E.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Neptune Wellness Solutions, Inc. failed to disclose the true cost and financial strain of integrating the assets and operations that it had acquired from SugarLeaf Labs, LLC and Forest Remedies LLC (collectively, “SugarLeaf”), two commercial hemp companies. Neptune operates as…