PLL CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Lawsuit Filed Against Piedmont Lithium Inc. | State

RADNOR, Pa., July 28, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP announces that Piedmont Lithium Inc. f / k / a Piedmont Lithium Limited (NASDAQ: PLL, PLLL) has filed a class action suit for securities fraud (“Piedmont“) on behalf of those who have bought or acquired Piedmont Securities in between March 16, 2018 and July 19, 2021, including (the “Class Period”).

Deadline reminder: Investors who have bought or acquired Piedmont Securities during the class period, not later than September 21, 2021to be appointed as the group’s lead plaintiff. For more information or to learn how to participate in this litigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; per email to [email protected]; or click https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Piedmont deals with the exploration and development of resource projects. Piedmont primarily has a 100 percent interest in a 2,322 acre lithium project in North Carolina. on May 17, 2021, combined with Piedmont Relocation of Australia to The United States, Piedmont Holders of American Depositary Shares (“ADS”) received one share of Piedmont Common shares for each ads.

The class period begins on March 16, 2018, If Piedmont filed a declaration of registration on a Form 20-F. on June 14, 2018, Piedmont a press release entitled “PIEDMONT LITHIUM ANNOUNCES MAIDEN MINERAL RESOURCE, which is in part its “strategy of building an integrated lithium processing business based on proven conventional technologies and taking advantage of the inherent benefits of Piedmont strategically North Carolina Location, including; … [s]strong support from the local government. “Throughout the class Piedmont informed investors of its plan to complete the necessary licensing and zoning activities required to begin mining and processing operations in North Carolina.

The truth was beginning to emerge 20th of July, 2021. Prior to trading hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irksir North Carolina Neighbors “, who pertinently reported: Piedmont Regulatory issues in North Carolina: (1) Piedmont had not applied for a government mining permit or a necessary zone change Gaston County, West of Charlotteeven though it has been telling investors since 2018 that it is close to it; (2) five of the seven members of the county’s board of commissioners who control zone changes said they could block or delay the project; and (3) Piedmont was supposed to meet with the commissioners in March, but canceled with three days’ notice, which further strained the relationship.

After this news, 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.

The complaint alleges that during the class action period the defendants made false and / or misleading information and / or failed to disclose: (1) Piedmont had failed and did not want to follow the specified steps or schedule in order to obtain all proper and required approvals; (2) Piedmont Failure to inform relevant individuals and government agencies of their actual plans; (3) Piedmont has failed to make proper applications to appropriate government agencies (including state and local authorities); (4) Piedmont and its lithium business does not have “strong local government support”; and (5) as a result, Defendants’ public statements were, at all relevant times, materially false and / or misleading.

Piedmont Investors can not later than September 21, 2021, attempt to be appointed as lead class representative by Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or they may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. To be appointed as a lead plaintiff, the court must determine that the class plaintiff’s claim is typical of the claims of other class plaintiffs and that the class plaintiff is adequately representing the class action. Your ability to participate in a recovery will not be affected by whether or not you want to be the lead plaintiff.

Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of state and federal laws. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and private investors The United States and all over the world. The firm represents investors, consumers and whistleblowers (individuals who report fraudulent practices to the government and participate in recovery of government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topas Meltzer & Check, LLP

James Maro, Jr., Esq.

280 König-von-Preußen-Strasse

Radnor, PA 19087

(844) 887-9500 (toll free)

[email protected]

View original content to download multimedia: https://www.prnewswire.com/news-releases/pll-class-action-alert–kessler-topaz-meltzer–check-llp-announces-a-securities-fraud-class -clause-registered-against-piemont-lithium-inc-301343773.html

SOURCE Kessler Topas Meltzer & Check, LLP