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NEW YORK, May 22, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the Eastern District of Pennsylvania on behalf of all persons or entities who purchased or otherwise acquired Livent Corporation (NYSE: LTHM) securities pursuant to and/or traceable to Livent’s Initial Public Offering (“IPO”) on or about October 12, 2018.
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The complaint alleges that the Registration Statement was false and misleading and omitted to state material adverse facts. Specifically, the complaint alleges that defendants failed to disclose to investors 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 purchased Livent securities pursuant to and/or traceable to the IPO and suffered a loss, have information, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Livent lawsuit, please go to https://bespc.com/lthm/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.