Nemaska Lithium Inc fka NMKEF

[Twister]

Nemaska curse continues!

[ACCESSWIRE]
LOS ANGELES, CA / ACCESSWIRE / July 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Livent Corporation ("Livent" or "the Company") (NYSE: LTHM) for violations of the federal securities laws.

Investors who purchased the Company's shares pursuant to and/or traceable to the Company's Initial Public Offering in October 2018 (the "IPO") are encouraged to contact the firm before July 22, 2019.
If you are a shareholder who suffered a loss, click here to participate.
www.schallfirm.com, or by email at [e-mail]." type="text">We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [e-mail].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Livent's supply contract with Nemaska Lithium Inc. was terminated. As a result, the Company was forced to fulfill customer contracts using different vendors with unfavorable terms, reducing revenues and lowering margins. Livent had a long-standing contract to supply lithium hydroxide to a customer at a significantly lower price than its existing contacts. When the customer increased its orders, the Company's margins were further squeezed. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Livent, investors suffered damages.
Join the case to recover your losses.


http://www.baystreet.ca/viewarticle.aspx?id=552531