The Klein Law Firm announces that a complaint has been filed on behalf of shareholders of Livent Corporation (NYSE: LTHM) who purchased shares pursuant and/or traceable to the Company’s initial public offering completed on or around October 11, 2018.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose in its Offering Materials that: (1) a supply contract with Nemaska Lithium Inc. had been terminated; (2) as a result, the Company would be forced to fulfill its customer contracts using alternative vendors at reduced revenues and lower margins; (3) the Company had a long-standing contract to supply lithium hydroxide to a customer at a much lower price than any of the Company's existing contracts; (4) the Company's margins were squeezed due to the customer's increased orders; and (5) as a result of the foregoing, Defendants positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Livent you have until July 22, 2019 to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require you serve as a lead plaintiff.
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