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Lawsuit filed for Investors in shares of Piedmont Lithium Inc. (NASDAQ: PLL)

08-11-2021 04:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Piedmont Lithium Inc. (NASDAQ: PLL) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Piedmont Lithium Inc. (NASDAQ: PLL) shares over alleged securities laws violations.

An investor, who purchased shares of Piedmont Lithium Inc. (NASDAQ: PLL), filed a lawsuit over alleged violations of Federal Securities Laws by Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited.

Investors who purchased shares of Piedmont Lithium Inc. (NASDAQ: PLL) have certain options and for certain investors are short and strict deadlines running. Deadline: September 21, 2021. NASDAQ: PLL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Belmont, NC based Piedmont Lithium Inc. engages in the exploration and development of resource projects in the United States.

On July 20, 2021, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, among other things, regarding Piedmont Lithium's regulatory issues in North Carolina: "The company, however, has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so. Five of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project . . . ."

Shares of Piedmont Lithium Inc. (NASDAQ: PLL) declined from $79.50 per share on June 30, 2021 to as low as $47.06 per share on July 21, 2021.

The plaintiff claims that between March 16, 2018 and July 19, 2021, the defendants made false and/or misleading statements and/or failed to disclose that Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, that Piedmont failed to inform relevant people and governmental authorities of its actual plans, that Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities), that Piedmont and its lithium business does not have "strong local government support", and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Piedmont Lithium Inc. (NASDAQ: PLL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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