INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Livent Corporation
Livent Corporation (LTHM)
Last livent corporation earnings: 2/20 04:15 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Pennsylvania on behalf of those who acquired Livent Corporation (“Livent” or the “Company”) (NYSE: LTHM) securities pursuant and/or traceable to its October 2018 Initial Public Offering (“IPO”). Investors have until July 22, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that Livent’s Registration Statement was false and misleading and failed to disclose: (i) that a supply contract with Nemaska Lithium Inc. had been terminated; (ii) that, as a result, the Company would be forced to fulfill its customer contracts using alternative vendors at reduced revenues and lower margins; (iii) that the Company had a long-standing contract to supply lithium hydroxide to a customer at a much low
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