Jul 21, 2021 | Securities Class Action Archive
Piedmont Lithium Inc. Investors With Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential class action securities claims on behalf of shareholders of Piedmont Lithium Inc. (“Piedmont Lithium” or the “Company”) (NASDAQ: PLL) to determine whether Piedmont may have issued materially misleading business information to the investing public.
On July 20, 2021, Reuters published an article, “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which 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.” The article also reported that “[f]ive of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected[,]” as well as quoted Tom Keigher, the chair of the board of commissioners, stating that “Piedmont has sort of put the proverbial cart before the horse[.]”
Reuters also reported that “[s]tate officials added their review process could stretch for more than a year as they solicit comments from at least six other state and federal agencies[,]” and quoted Brian Sciba, the director of Gaston County’s planning and zoning office, stating that “I’m not even going to accept an application from Piedmont for rezoning until they have their state permit in hand[.]”
On this news, Piedmont’s stock price fell significantly during intraday trading on July 20, 2021, thereby damaging investors.
PIEDMONT LITHIUM INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, PIEDMONT LITHIUM SECURITIES AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., [email protected], (215) 792-6676, Ext. 804, [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Jul 21, 2021 | Securities Class Action Archive
Social Capital Hedosophia Holdings Corp. III & Hennessy Capital Acquisition Corp. IV – Kehoe Law Firm, P.C. Breach Of Fiduciary Duties Investigations – IPOC, HCAC
Kehoe Law Firm, P.C. is investigating whether certain directors and/or officers of the following Special Purpose Acquisition Companies (“SPAC”) breached their fiduciary duties to the SPAC or its shareholders:
Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC), now known as Clover Health Investments, Corp. (“Clover Health”) (NASDAQ: CLOV)
The investigation concerns whether Social Capital Hedosophia Holdings Corp. III (“Social Capital Hedosophia III”) board of directors or senior management failed to manage Social Capital Hedosophia III in an acceptable manner, in breach of their fiduciary duties to its shareholders, and whether Social Capital Hedosophia III’s shareholders suffered damages as a result.
On October 5, 2020, Social Capital Hedosophia III executed a merger agreement with the predecessor to Clover Health, with a November 17, 2020 record date for the shareholder vote. On January 7, 2021, Social Capital Hedosophia III closed the merger transaction, with Clover Health continuing as the successor entity. On February 4, 2021, Hindenburg Research issued a report claiming that Clover Health was misleadingly hiding governmental investigations from the public.
Hennessy Capital Acquisition Corp. IV (“Hennessy Capital IV”) (NASDAQ: HCAC), now known as Canoo Inc. (“Canoo”) (NASDAQ: GOEV)
The investigation concerns whether Hennessy Capital IV’s board of directors or senior management failed to manage Hennessy Capital IV in an acceptable manner, in breach of their fiduciary duties to Hennessy Capital IV’s shareholders, and whether Hennessy Capital IV’s shareholders suffered damages as a result.
On August 17, 2020, Hennessy Capital IV executed a merger agreement with the predecessor to Canoo, with an October 27, 2020 record date for the shareholder vote. On December 21, 2020, the merger transaction closed, with Canoo continuing as the successor entity. On May 17, 2021, Canoo said it is being investigated by the SEC, possibly related to the SEC’s interest in determining how warrants are treated.
IF YOU WERE EITHER A SHAREHOLDER OF SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III OR HENNESSY CAPITAL ACQUISITION CORP. IV AND WISH TO DISCUSS KEHOE LAW FIRM’S INVESTIGATIONS OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATIONS OR POTENTIAL LEGAL CLAIMS.
