Federal court dismisses securities class action lawsuit against 22nd century group

Williamsville, n.y., jan. 19, 2021 (globe newswire) -- 22nd century group, inc. (nyse american: xxii), a leading plant-based, biotechnology company that is focused on tobacco harm reduction, very low nicotine content tobacco, and hemp/cannabis research, announced today the dismissal with prejudice of the federal securities class action lawsuit captioned noto. v. 22nd century group, inc., 19-cv-1285 by a federal district court in the western district of new york on january 14, 2021. the case was initially filed in the eastern district of new york, where it was captioned bull v. 22nd century group, inc. 1:19-cv-00409. in denying the plaintiffs' request for an opportunity to file another amended complaint, the court held that “further amendment would be futile.”
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