San Diego, California–(Newsfile Corp. – July 28, 2021) – The Piedmont Lithium class motion lawsuit fees Piedmont Lithium Inc. (NASDAQ: PLL) and specified of its leading executives with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of Piedmont Lithium publicly traded securities concerning March 16, 2018 and July 19, 2021, inclusive (“Class Time period”). The Piedmont Lithium class motion lawsuit (Skeels v. Piedmont Lithium Inc., No. 21-cv-04161) was commenced on July 23, 2021 in the Jap District of New York and is assigned to Judge LaShann DeArcy Corridor.
If you desire to serve as direct plaintiff of the Piedmont Lithium class motion lawsuit, you should supply your information by clicking listed here. You can also speak to attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or by using e-mail at [email protected]. Lead plaintiff motions for the Piedmont Lithium class motion lawsuit need to be filed with the court no later than September 21, 2021.
Circumstance ALLEGATIONS: The Piedmont Lithium course action lawsuit alleges that, in the course of the Class Period, defendants built untrue and deceptive statements and failed to disclose that: (i) Piedmont Lithium has not, and would not, stick to its mentioned ways or timeline to secure all correct and needed permits (ii) Piedmont Lithium failed to tell pertinent people and governmental authorities of its real designs (iii) Piedmont Lithium unsuccessful to file good apps with pertinent governmental authorities (which includes point out and nearby authorities) (iv) Piedmont Lithium and its lithium small business does not have “sturdy regional govt assist” and (v) as a consequence, defendants’ public statements had been materially false and/or deceptive at all appropriate periods.
On July 20, 2021, Reuters revealed an report entitled “In force to offer Tesla, Piedmont Lithium irks North Carolina neighbors” which described the adhering to, amid other issues, concerning Piedmont Lithium’s regulatory issues in North Carolina: “The organization, having said that, has not utilized for a state mining allow or a required zoning variance in Gaston County, just west of Charlotte, despite telling investors because 2018 that it was on the verge of executing so. 5 of the seven users of the county’s board of commissioners, who control zoning modifications, say they may perhaps block or hold off the venture . . . .” On this news, Piedmont Lithium’s inventory price fell almost 20%, harming investors.
THE Guide PLAINTIFF Method: The Non-public Securities Litigation Reform Act of 1995 permits any investor who bought Piedmont Lithium securities during the Class Time period to look for appointment as guide plaintiff in the Piedmont Lithium class motion lawsuit. A lead plaintiff is frequently the movant with the greatest monetary desire in the aid sought by the putative course who is also usual and ample of the putative class. A direct plaintiff functions on behalf of all other course associates in directing the Piedmont Lithium class action lawsuit. The guide plaintiff can find a law agency of its preference to litigate the Piedmont Lithium course action lawsuit. An investor’s ability to share in any probable upcoming recovery of the Piedmont Lithium course motion lawsuit is not dependent on serving as lead plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. regulation firm representing traders in securities course steps. Robbins Geller attorneys have received lots of of the major shareholder recoveries in background, together with the biggest securities course action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Course Motion Services Top 50 Report ranked Robbins Geller to start with for recovering $1.6 billion for investors very last yr, much more than double the quantity recovered by any other securities plaintiffs’ firm. Be sure to stop by https://www.rgrdlaw.com/business.html for more info.
Past outcomes do not assurance potential outcomes.
Companies may well be performed by lawyers in any of our workplaces.
Get hold of:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
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