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Class Action Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Piedmont Lithium Inc Investors of Deadline in Securities Fraud Class Action Lawsuit
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Class Action Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Piedmont Lithium Inc Investors of Deadline in Securities Fraud Class Action Lawsuit
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NEW YORK, Aug. 3, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. ( Piedmont or the Company ) (NASDAQ: PLL). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Piedmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
In 2020, Piedmont signed a deal to supply Tesla Inc. with lithium sourced from its deposits in North Carolina. Then, on July 20, 2021,
Reuters reported that Piedmont 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.
Piedmont Lithium
CASE ALLEGATIONS: The
Piedmont Lithium class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Piedmont Lithium has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (ii) Piedmont Lithium failed to inform relevant people and governmental authorities of its actual plans; (iii) Piedmont Lithium failed to file proper applications with relevant governmental authorities (including state and local authorities); (iv) Piedmont Lithium and its lithium business does not have “strong local government support”; and (v) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
Piedmont Lithium Inc plans Carolina Lithium Project mine permit submission for August
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