New York, New York--(Newsfile Corp. - November 26, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Loop Industries, Inc. (NASDAQ: LOOP) alleging that the Company violated federal securities laws.
Class Period: September 24, 2018 and October 12, 2020
Lead Plaintiff Deadline: December 14, 2020
Learn more about your recoverable losses in LOOP:
The filed complaint alleges that Loop Industries, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Loop scientists were encouraged to misrepresent the results of Loop's purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop's announced partnerships with Indorama Ventures Public Company Limited and thyssenkrupp Industrial Solutions; and (4) 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.
Shareholders have until December 14, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the LOOP lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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