NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Loop Industries, Inc. ("Loop" or the "Company") (NASDAQ: LOOP).   Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

On October 13, 2020, Hindenburg Research ("Hindenburg") published a report entitled "Loop Industries: Former Employees and Plastics Experts Blow The Whistle On This ‘Recycled' Smoke And Mirrors Show".  Citing a months-long investigation that "included speaking with multiple former employees, company partners, polymer/plastic experts, and competitors," the Hindenburg report characterized Loop's "claimed breakthroughs in PET [polyethylene terephthalate] plastic recycling" as "fiction".  The Hindenburg Report described former employees as "paint[ing] a picture of a chaotic company whose lead scientists are twenty-something ‘liars' with no relevant work experience other than Loop" and asserted that "[o]ur  investigation points to one conclusion: in the words of a former Loop employee, we simply ‘don't really think they have the technology.'" 

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