NEW YORK, Nov. 3, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Li-Cycle Holdings Corp. (“Li-Cycle” or the “Company”) (NYSE: LICY). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Li-Cycle and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 23, 2023, Li-Cycle announced that it would temporarily halt construction work on its Rochester Hub project, pending a comprehensive review of its future strategy. According to the Company’s press release, Li-Cycle has experienced escalating construction costs, even as the engineering and procurement phases of the project neared completion, with a primary focus on on-site construction activities.
On this news, Li-Cycle shares declined by $1.04, or approximately 45.81%, to close at $1.23 on October 23, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP