CLASS ACTION UPDATE for CRON and CVRR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 8, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Cronos Group Inc. (NASDAQ:CRON)
CRON Lawsuit on behalf of: investors who purchased May 9, 2019 – March 2, 2020
Lead Plaintiff Deadline: May 11, 2020
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form-2?wire=3&prid=5967

About the CRON lawsuit: Cronos Group Inc. allegedly made materially false and/or misleading statements during the class period and/or failed to disclose that: (i) Cronos had engaged in significant transactions for which its revenue recognition was inappropriate; (ii) the foregoing would foreseeably necessitate reviews that would delay the Company's ability to timely file its periodic reports; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Cronos Group Inc. class action, contact jlevi@levikorsinsky.com.

CVR Refining, LP (NYSE:CVRR)
CVRR Lawsuit on behalf of: all former owners of CVRR common units who sold their units during the period from July 30, 2018 through January 28, 2019, both dates inclusive.
Lead Plaintiff Deadline: June 5, 2020
Join the action: https://www.zlk.com/pslra-1/cvr-refining-lp-loss-form?wire=3&prid=5967

About the CVRR lawsuit: Throughout the Class Period, Defendants executed a fraudulent scheme to artificially depress the price of publicly traded CVRR units in order to acquire them for a substantial discount, thereby enriching themselves at the expense of CVRR public unit holders:

(a) First, CVR Energy, Inc. (NYSE:CVI) ("CVI") guaranteed an offer to exchange its common stock for most – but not all – of CVRR's outstanding common units. Following the acquisition of 84.5% the units, the price of the units began depressing because of the reduced public float and the threat of the remaining CVRR's units being acquired, which more than offset CVRR's favorable financial results.
(b) Second, as the price for CVRR units stagnated, and more than 90 days had passed since expiration of the CVI exchange offer, Defendants announced that they were "considering" exercising the right to acquire the remaining CVRR units, further causing the units to decline.
(c) Finally, once the price of CVRR units had substantially declined, Defendants seized upon the opportunity to acquire the rest of the units, enjoying a purchase price based on the (manipulated) 20-day trading average of CVRR units.

To learn more about the CVR Refining, LP class action, contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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