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Li-Cycle Holdings Class Action Lawsuit LICY | Deadline June 20, 2022
Li-Cycle Holdings Class Action Lawsuit
You only have until June 20, 2022 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
Li-Cycle Class Action
The deadline for requesting appointment as the lead plaintiff in Barnish v. Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp., No. 22-cv-02222, has been extended to June 21, 2022, according to the law firm of Robbins Geller Rudman & Dowd LLP. This case involves investors who bought or acquired publicly traded securities of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp The Li-Cycle class action complaint, was began on April 19, 2022 in the Eastern District of New York, accuses Li-Cycle and a few of its top executive officers of breaking the Securities Exchange Act of 1934.
The Portnoy Law Firm notifies shareholders of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (“Li-Cycle” or the “Company”) (NYSE: LICY) of a class action securities lawsuit, if they bought the Company’s shares between February 16, 2021 and March 23, 2022, inclusive (the “Class Period”). Shareholders have until June 20, 2022 to file lead plaintiff applications in the securities class action lawsuit.
LICY Class Action Lawsuit
In the Li-Cycle class action lawsuit, it is alleged that throughout the Class Period, the defendants made false and misleading statements and neglected to disclose that: I Li-largest Cycle’s customer, Traxys North America LLC, is not actually a customer but rather merely a broker providing working capital financial to Li-Cycle while Traxys attempts to sell Li-product Cycle’s to end customers; (ii) Li-Cycle engaged in highly dub; Vi) Li-Cycle will need an additional $1 billion in funding to support its planned growth (which is a sum greater than Li-Cycle raised through the merger); and vii) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. Li-gross Cycle’s margins have probably been negative since inception.
LICY Class Action
Under the Private Securities Litigation Reform Act of 1995, any investor who purchased Li-Cycle securities during the Class Period may apply to be designated as the lead plaintiff in the Li-Cycle class action case. A lead plaintiff is typically the petitioner who is both sufficiently and adequately representative of the putative class and who has the greatest financial stake in the relief the putative class is seeking. A lead plaintiff is overseeing the Li-Cycle class action lawsuit on behalf of all other class members. The lead plaintiff’s preferred legal firm may represent them in the Li-Cycle class action lawsuit. It is not essential for an investment to serve as the main plaintiff in order to be qualified to participate in any potential
Li-Cycle Holdings a business with headquarters in Canada, recycles lithium-ion batteries. For each of its clients’ battery recycling requirements, the company offers customer-focused solutions. It provides its clients with a location where materials containing Internet protocol (IP)-sensitive design information, like research and development (R&D) batteries and battery materials, can be securely destroyed. For the purpose of recycling lithium-ion batteries, its Spoke & Hub Technologies combine hydrometallurgical resource recovery with mechanical safe size reduction.
Li-Cycle (NYSE: LICY) is on a mission to use its cutting-edge Spoke & Hub TechnologiesTM to create a secondary supply of essential battery materials while offering a customer-centric end-of-life solution for lithium-ion batteries. Rechargeable lithium-ion batteries are increasingly used to power our world’s automobiles, energy storage systems, consumer electronics, and other commercial and domestic appliances. To effectively manage battery manufacturing waste and end-of-life batteries and to meet the fast expanding demand for crucial and scarce battery-grade raw materials through a closed-loop solution, the world requires improved technology and supply chain improvements.
Li-Cycle Holdings Corp. Class Action Lawsuit
Li-Cycle Holdings Corp. Lawsuit
LICY Class Action Lawsuit
Li-Cycle Holdings Corp. (LICY) Class Action Lawsuit
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