Robbins Arroyo LLP: Complaint Alleges that Livent Corporation (LTHM) Misled Shareholders
Livent Corporation (LTHM)
Last livent corporation earnings: 2/20 04:15 pm
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Source: Business Wire
SAN DIEGO & PHILADELPHIA--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Livent Corporation (NYSE: LTHM) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1933 pursuant to the company's October 12, 2018 initial public offering ("IPO"). Livent produces and distributes lithium chemicals. View this information on the law firm's Shareholder Rights Blog:https://www.robbinsarroyo.com/livent-corporation/ Livent Accused of Inflating its IPO Price According to the complaint, Livent held its IPO in October 2018, and received approximately $369 million in proceeds. However, prior to the IPO, Livent failed to disclose in its registration statement that a key supply contract had been terminated. Rather, Livent made false assurances that it had reached an agreement on the final wording of a new
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