Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Piedmont Lithium Inc.
NEW YORK, July 25, 2021 / PRNewswire / – Bernstein Liebhard, a nationally recognized investor rights law firm, announces that a class action lawsuit has been filed on behalf of investors who have purchased or acquired the securities of Piedmont Lithium Inc. (“Piedmont“or the” Company “) (NASDAQ: PLL) of March 16, 2018 through July 19, 2021 (the “Class Period”). The lawsuit filed in The United States District Court for the Eastern District of new York alleges violations of the 1934 Stock Exchange Act.
If you bought Piedmont To discuss securities and / or your statutory rights and options, please visit or contact the Piedmont Class Action Redemption Noah Wiesner toll free at (877) 779-1414 or [email protected]
The complaint alleges that during the class action period the defendants made false and / or misleading information and / or failed to disclose: (i) Piedmont failed and failed to follow the specified steps or schedule to obtain all proper and required approvals; (ii) Piedmont Failure to inform relevant individuals and government agencies of their actual plans; (iii) Piedmont has failed to properly submit applications to appropriate government agencies (including state and local authorities); (NS) Piedmont and its lithium business does not have “strong government support”; and (v) as a result, Defendants’ public statements have been materially false and / or misleading at all relevant times.
on July 20, 2021, before trading hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks” North Carolina Neighbors. “Among other things, the article reported that”[t]he company […] has not applied for a government mining permit or a necessary zone change Gaston County, West of Charlotteeven though she has been telling investors that she is about to do so since 2018. “The article continued that”[f]Five of the seven members of the county’s Board of Commissioners who control the zone changes say they could block or delay the project[.]”
To this message, Piedmont Stocks fell $ 12.56 per share over the trading day, or nearly 20% to close at close $ 50.52 per share July 20, 2021, Harm investors.
If you want to appear as the lead plaintiff, you must go to court no later than September 21, 2021. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.
If you bought Piedmont Securities and / or your legal rights and options, please visit https://www.bernlieb.com/cases/piedmontlithium-pll-shareholder-class-action-lawsuit-fraud-stock-420/apply/ or contact us Noah Wiesner toll free at (877) 779-1414 or [email protected]
Bernstein Liebhard LLP has been recovering since 1993 $ 3.5 billion for its customers. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been included on the National Law Journal’s “Plaintiffs’ Hot List” thirteen times and on The Legal 500 for ten consecutive years.
LAWYER ADVERTISING. © 2021 Bernstein Liebhard LLP. The firm responsible for this ad is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this report im State of Connecticut is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.
Bernstein Liebhard LLP
SOURCE Bernstein Liebhard LLP