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SAN DIEGO, June 10, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Livent Corporation (NYSE: LTHM).
Investors, who purchased shares of Livent Corporation (NYSE: LTHM), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
In October 2018, Philadelphia, PA based Livent Corporation completed its initial public offering (“IPO”) in which it sold 23 million shares of its common stock at $17.00 per share.
The plaintiff alleges that the defendants failed to disclose to investors that a supply contract with Nemaska Lithium Inc. had been terminated, that, as a result, the Company would be forced to fulfill its customer contracts using alternative vendors at reduced revenues and lower margins, that the Company had a long-standing contract to supply lithium hydroxide to a customer at a much lower price than any of the Company’s existing contracts, that the Company’s margins were squeezed due to the customer’s increased orders, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased Livent Corporation (NYSE: LTHM) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.