|Company name||India Globalization Capital, Inc.|
|Stock symbol||IGC, IGCC|
|Class period||November 11, 2017 – October 2, 2018|
|Lead plaintiff deadline||January 2. 2019|
|Court||Eastern District of New York|
NEW YORK, November 2, 2018 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired India Globalization Capital, Inc. (NYSE: IGC) securities between October 25, 2017 and October 29, 2018 (the “Class Period”). Investors have until January 2, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint filed in this class action alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) India Globalization’s business model was in a state of change in order to lure potential blockchain and cannabis investors; (2) India Globalization had overstated the benefits of its relationships with manufacturers, partners, and distributors in order to inflate its potential commercial success in the blockchain and cannabis markets; (3) as a result, the New York Stock Exchange delisted India Globalization’s shares from its exchange; and (4) consequently, defendants’ statements about India Globalization’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased India Globalization securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.