INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against India Globalization Capital, Inc. and Encourages Investors to Contact the Firm Before January 2

December 8, 2018

NEW YORK--(BUSINESS WIRE)--Dec 7, 2018--The law firm of Kirby McInerney LLP reminds investors 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 acquired India Globalization Capital, Inc. (“India Globalization” or the “Company”) (NYSE: IGC, OTC: IGCC ) securities between October 25, 2017 and October 29, 2018 (the “Class Period”). Investors have until January 2, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

According to the lawsuit, 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; and (3) as a result, the New York Stock Exchange delisted India Globalization’s shares from its exchange. When the true details entered the market, India Globalization stock fell $1.96 per share, or over 78%, from its previous closing price to close at $0.53 per share on October 30, 2018.

If you acquired India Globalization securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005588/en/

CONTACT: Kirby McInerney LLP

Thomas W. Elrod, Esq., (212) 371-6600





SOURCE: Kirby McInerney LLP

Copyright Business Wire 2018.

PUB: 12/07/2018 08:00 PM/DISC: 12/07/2018 08:01 PM


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