Gaia Shareholder Class Action Survives Motion to Dismiss; Should Management be Held Accountable for Shareholder Losses? Contact Johnson Fistel

Johnson Fistel, LLP is investigating potential claims on behalf of Gaia, Inc. (NASDAQ: GAIA) against certain of its officers and directors.

If you are a current, long-term shareholder of Gaia holding shares before December 26, 2017, you may have standing to hold Gaia harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:

Recently the court denied the defendant’s motion to dismiss a shareholder class action lawsuit pending against Gaia and certain of its officers.  According to the complaint, defendants failed to disclose that: (1) the Company’s Q1 2019 subscriber count was overstated; (2) the Company lacked adequate internal controls; and (3) as a result, defendants had a heightened risk of regulatory scrutiny and were ultimately subject to an SEC investigation and action.

If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.