LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24LTHM&src=ctag” target=”_blank”gt;$LTHMlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Livent
Corporation (“Livent” or “the Company”) (NYSE: LTHM)
for violations of the federal securities laws.
Investors who purchased the Company’s shares pursuant to and/or
traceable to the Company’s Initial Public Offering in October 2018 (the
“IPO”) are encouraged to contact the firm before July 22, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Livent’s supply contract with Nemaska Lithium
Inc. was terminated. As a result, the Company was forced to fulfill
customer contracts using different vendors with unfavorable terms,
reducing revenues and lowering margins. Livent had a long-standing
contract to supply lithium hydroxide to a customer at a significantly
lower price than its existing contacts. When the customer increased its
orders, the Company’s margins were further squeezed. Based on these
facts, the Company’s public statements were false and materially
misleading throughout the IPO period. When the market learned the truth
about Livent, investors suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.,
Rina Restaino, Esq.,
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
