San Diego, California–(Newsfile Corp. – July 28, 2021) – The Piedmont Lithium class action lawsuit costs Piedmont Lithium Inc. (NASDAQ: PLL) and selected of its top executives with violations of the Securities Trade Act of 1934 and seeks to stand for purchasers of Piedmont Lithium publicly traded securities between March 16, 2018 and July 19, 2021, inclusive (“Course Period of time”). The Piedmont Lithium course motion lawsuit (Skeels v. Piedmont Lithium Inc., No. 21-cv-04161) was commenced on July 23, 2021 in the Japanese District of New York and is assigned to Judge LaShann DeArcy Corridor.
If you would like to provide as guide plaintiff of the Piedmont Lithium class action lawsuit, you should present your information and facts by clicking listed here. You can also get hold of attorney J.C. Sanchez of Robbins Geller by contacting 800/449-4900 or via e-mail at [email protected]. Guide plaintiff motions for the Piedmont Lithium course action lawsuit must be filed with the court no later on than September 21, 2021.
Situation ALLEGATIONS: The Piedmont Lithium course motion lawsuit alleges that, throughout the Course Interval, defendants made fake and misleading statements and failed to disclose that: (i) Piedmont Lithium has not, and would not, stick to its stated actions or timeline to safe all correct and important permits (ii) Piedmont Lithium failed to inform relevant persons and governmental authorities of its precise plans (iii) Piedmont Lithium unsuccessful to file proper apps with related governmental authorities (such as point out and neighborhood authorities) (iv) Piedmont Lithium and its lithium small business does not have “powerful area authorities aid” and (v) as a end result, defendants’ public statements had been materially fake and/or deceptive at all applicable instances.
On July 20, 2021, Reuters posted an article entitled “In press to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which noted the following, amongst other issues, concerning Piedmont Lithium’s regulatory challenges in North Carolina: “The business, on the other hand, has not applied for a point out mining permit or a important zoning variance in Gaston County, just west of Charlotte, despite telling investors considering that 2018 that it was on the verge of undertaking so. 5 of the 7 associates of the county’s board of commissioners, who regulate zoning changes, say they may well block or delay the task . . . .” On this news, Piedmont Lithium’s stock selling price fell practically 20%, harming traders.
THE Lead PLAINTIFF Approach: The Non-public Securities Litigation Reform Act of 1995 permits any trader who ordered Piedmont Lithium securities throughout the Course Period to look for appointment as guide plaintiff in the Piedmont Lithium class motion lawsuit. A direct plaintiff is normally the movant with the best money desire in the aid sought by the putative class who is also normal and satisfactory of the putative course. A guide plaintiff functions on behalf of all other class associates in directing the Piedmont Lithium course motion lawsuit. The guide plaintiff can find a regulation firm of its choice to litigate the Piedmont Lithium class motion lawsuit. An investor’s ability to share in any opportunity foreseeable future restoration of the Piedmont Lithium class action lawsuit is not dependent on serving as guide plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 workplaces nationwide, Robbins Geller Rudman & Dowd LLP is the most significant U.S. legislation business symbolizing investors in securities course actions. Robbins Geller lawyers have acquired lots of of the most significant shareholder recoveries in background, together with the greatest securities course action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Companies Leading 50 Report rated Robbins Geller first for recovering $1.6 billion for investors past calendar year, far more than double the quantity recovered by any other securities plaintiffs’ company. Be sure to check out https://www.rgrdlaw.com/business.html for much more details.
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Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
[email protected]
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