Johnson Fistel Urges Shareholders to Seek Legal Counsel for Class Action Lawsuit Against Vertex Energy
Johnson Fistel, LLP, a law firm specializing in shareholder rights, has announced the initiation of class action lawsuit on behalf of investors of Vertex Energy, Inc. (NASDAQ: VTNR).
Class Period: April 1, 2022 and August 8, 2022
Lead Plaintiff Deadline: June 12, 2023
Plaintiff alleges that, throughout the Class Period, Defendants failed to disclose, among other things, that prior to the acquisition of the Mobile refinery, Defendants had entered into inventory and crack spread hedging derivatives that significantly capped the profit margins on 50% of the Mobile refinery’s expected output over the period April 1, 2022 to September 30, 2022, affecting over 6.5 million barrels of refined fuel output.
Johnson Fistel, LLP
Jim Baker, 619-814-4471