Press release
Investigation announced for Investors in shares of Li-Cycle Holdings Corp. (NYSE: LICY) over potential Wrongdoing
An investigation on behalf of investors in Li-Cycle Holdings Corp. (NYSE: LICY) shares over possible breaches of fiduciary duty.
Investors who are investors in Li-Cycle Holdings Corp. (NYSE: LICY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: LICY stocks follows a lawsuit filed against Li-Cycle Holdings Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LICY stocks, concerns whether certain Li-Cycle Holdings Corp. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that the Company's Rochester Hub was experiencing escalating construction costs, that these "escalating construction costs" exceeded the expected aggregate cost of the project, that, as a result, the Company would be forced to temporarily halt construction and reevaluate the construction strategy for the Rochester Hub, and that, 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.
Those who purchased shares of Li-Cycle Holdings Corp. (NYSE: LICY) 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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