July 15, 2024


Costing Accounting Everyday

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Li-Cycle Holdings Corp. – LICY |

NEW YORK, April 3, 2022 /PRNewswire/ — Pomerantz LLP is investigating statements on behalf of investors of Li-Cycle Holdings Corp. (“Li-Cycle” or the “Corporation”) (NYSE: LICY).  These kinds of buyers are advised to make contact with Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation problems regardless of whether Li-Cycle and specified of its officers and/or administrators have engaged in securities fraud or other illegal company methods. 

[Click here for information about joining the class action] 

On March 24, 2022, Blue Orca Funds posted a report (the “Report”) characterizing the Firm as “a in the vicinity of deadly mix of stock marketing, laughable governance, a damaged enterprise hemorrhaging income, and very questionable Enron-like accounting.”  According to the Report, “Li-Cycle acknowledges revenues working with an Enron-like mark-to-product accounting gimmick.

Li-Cycle acknowledges revenues months prior to the true revenue of its recycled black mass, centered on its own provisional estimate of the long run value of the merchandise. This accounting remedy is plainly susceptible to abuse, providing Li-Cycle discretion around its described revenues. We suspect that less than this framework, LiCycle marks up the value of its receivables on unsold products and operates the gains through its earnings line.”  

On this information, Li-Cycle’s inventory value fell $.47 cents per share, or 5.60% to near at $7.93 for each share on March 24, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as a single of the leading companies in the locations of company, securities, and antitrust class litigation. Established by the late Abraham L. Pomerantz, identified as the dean of the class action bar, Pomerantz pioneered the industry of securities class steps. Today, a lot more than 85 yrs later, Pomerantz proceeds in the tradition he recognized, fighting for the rights of the victims of securities fraud, breaches of fiduciary obligation, and corporate misconduct. The Firm has recovered many multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Get hold of:

Robert S. Willoughby

Pomerantz LLP

[email protected] 

888-476-6529 ext. 7980

Cision Perspective original articles to down load multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-legislation-company-investigates-promises-on-behalf-of-buyers-of-li-cycle-holdings-corp—licy-301516359.html

Resource Pomerantz LLP