Verus International, Inc.
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Maryland on behalf of those who acquired
Verus International, Inc. (“Verus” or the “Company”) (Other: VRUS) securities during the period from June 17, 2019 through October 8, 2020 (the “Class Period”). Investors have until June 22, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that Verus and certain executive made material misrepresentations and/or omitted the material information concerning: Verus' ability to exploit its Big League Foods brand and the Major League Baseball License; The Company's issues in production ramp-up related to Big League Foods and Verus's ability timely satisfy demand and fulfill customer orders; The status of Verus' controlling interest in ZC Top Apparel Manufacturing ("ZTAM"); Verus' ability to unlock the capacity of ZTAM's facilities to produce millions of masks; The status and strength of the Company's working relationship with ZTAM; The accuracy of the Company's financial results, business outlook and prospects; and that as a result of the foregoing, Verus' public statements were materially false and misleading at all relevant times. Shares of Verus. traded as high as $0.037 per share (adjusted for January 13, 2021 reverse split) during the Class Period, and closed at $0.002 per share on October 8, 2020.
If you acquired Verus securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.