BENSALEM, Pa.–(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;–Law Offices of Howard G. Smith announces an investigation on behalf of
Livent Corporation (“Livent” or the “Company”) (NYSE: LTHM)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
In October 2018, Livent completed its initial public offering (“IPO”) in
which it sold 23 million shares of its common stock at $17.00 per share.
On February 11, 2019, Livent released its fourth quarter 2018 financial
results that missed top line sales targets, citing difficulties
negotiating contracts with existing customers. On this news, Livent’s
share price fell $0.57, over 4%, to close at $12.55, on February 12,
2019, thereby injuring investors.
Then, on May 8, 2019, the Company announced disappointing financial
results for first quarter 2019, citing further customer issues. On this
news, Livent’s share price fell $1.70, nearly 16%, to close at $9.03 on
May 8, 2019, thereby injuring investors further.
If you purchased Livent securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.