NEW YORK, May possibly 9, 2022 /PRNewswire/ — Notice Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (“Li-Cycle”) (NYSE: LICY) shareholders:
The Legislation Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of traders who acquired between February 16, 2021 and March 23, 2022.
If you experienced a loss on your investment in Li-Cycle, speak to us about potential restoration by utilizing the hyperlink below. There is no expense or obligation to you.
ABOUT THE Motion: The course motion against Li-Cycle contains allegations that the Enterprise created materially false and/or misleading statements and/or unsuccessful to disclose that: (1) Li-Cycle’s biggest client, Traxys, is not essentially a consumer, but basically a broker delivering performing capital economic to the Organization whilst Traxys tries to provide Li-Cycle’s products to end prospects (2) the Company engaged in hugely questionable similar get together transactions (3) the Company’s mark-to-design accounting is vulnerable to abuse and gave a false perception of progress (4) a important part of the Company’s noted revenues were derived from merely marking up receivables on solutions that experienced not been marketed (5) the Company’s gross margins have probable been adverse given that inception (6) the Business will call for an extra $1 billion of funding to help its prepared expansion (which is a determine bigger than the Company lifted by way of the merger) and (7) as a final result, Defendants’ community statements were being materially false and/or misleading at all applicable situations.
DEADLINE: June 20, 2022
Aggrieved Li-Cycle buyers only have right up until June 20, 2022 to request that the Courtroom appoint you as direct plaintiff. You are not expected to act as a direct plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an skilled legal professional who has represented traders in securities litigations involving financial fraud and violations of shareholder rights. Attorney promoting. Prior success do not ensure comparable results.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]
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