Cronos Group $10 Million Securities Class Action Settlement

Cronos Group $10 Million Securities Class Action Settlement

Investors who bought Cronos Group stock on a U.S. exchange between May 9, 2019, and March 30, 2020, may be eligible to claim a cash payment from a settlement.

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Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.Brandon RichardsLegal Content WriterPublishedSeptember 28, 2026 12:00 PMUpdatedSeptember 28, 2026Join the DiscussionInvestors who purchased or otherwise acquired publicly traded common stock of Cronos Group Inc. on the Nasdaq or another public U.S. market between May 9, 2019, and March 30, 2020, may be eligible to claim a cash payment from a class action settlement.

Cronos Group agreed to pay $10 million to settle a securities class action lawsuit alleging it and certain executives made false and misleading statements about its revenue. The lawsuit claimed Cronos improperly recognized revenue from three round-trip transactions, leading to restatements that reduced its revenue for the first and third quarters of 2019.

Who can file a claim?

The settlement includes all persons and entities, regardless of country of residence, who purchased or otherwise acquired publicly traded Cronos Group Inc. common stock on the Nasdaq or any other public U.S. market between May 9, 2019, and March 30, 2020, inclusive, and suffered damages as a result.

Both individuals and entities can be class members.

The settlement includes investors who held shares directly and those who held through a broker or other nominee.

The actual beneficial owner or a legal representative must submit the claim.

Joint owners must each sign the claim form.

Executors, administrators, guardians, conservators and trustees may submit claims on behalf of others but must provide documentation proving their authority.