Market Overview

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Loop Industries, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Share:

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Loop Industries, Inc. ("Loop" or "the Company") (NASDAQ: LOOP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between September 24, 2018 and October 12, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before December 14, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, 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 brian@schallfirm.com.

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. Loop's management encouraged its scientists to misreport the results of the Company's special process. The Company lacked the technology to break PET down into base chemicals with a 100% recovery rate. The Company was unlikely to commercialize its process in announced partnerships with Indorama and Thyssenkrupp. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Loop, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com