LICY NEWS: Johnson Fistel Encourages Li-Cycle Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline
Johnson Fistel, LLP notifies investors of Li-Cycle Holdings Corp. (NYSE: LICY) a securities class action lawsuit has been filed. The Li-Cycle class action lawsuit alleges that defendants during the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Li-Cycle’s Rochester Hub was experiencing escalating construction costs; (ii) these “escalating construction costs” exceeded the expected aggregate cost of the project; and (iii) as a result, Li-Cycle would be forced to temporarily halt construction and reevaluate the construction strategy for the Rochester Hub.
The lawsuit seeks to recover losses on behalf of investors who acquired securities between June 14, 2022 and October 23, 2023. Investors have until January 8, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
There is no cost or obligation to you.
What can Investors Do: Shareholders who incurred losses during the class period, have until January 8, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
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