Jan 5, 2022 | Filed Securities Cases
Class Action Filed On Behalf Of Investors Of Meta Materials Inc. – MMAT Investors With Financial Losses Encouraged To Contact Kehoe Law Firm, P.C.
On January 3, 2021, a class action lawsuit was filed in United States District Court, Eastern District of New York, against Meta Materials Inc., f/k/a Torchlight Energy Resources, Inc., (“Meta Materials” or the “Company”) (NASDAQ: MMAT) on behalf of individuals or entities that purchased, or otherwise acquired, the publicly-traded securities of the Company between September 21, 2020 and December 14, 2021, both dates inclusive (the “Class Period”).
According to the complaint, the Meta Materials defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operational, and financial results, which were known to the Meta Materials Defendants or recklessly disregarded by them.
According to the class action complaint, the Meta Materials Defendants made false and/or misleading statements and/or failed to disclose that (1) the business combination with Metamaterial Inc. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, the Meta Materials Defendants’ public statements were materially false and/or misleading at all relevant times.
Investors who purchased, or otherwise acquired, the securities of Meta Materials during the Class Period and suffered financial losses are encouraged to contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], to discuss the securities investigation or potential legal claims.
Jan 5, 2022 | Car Problems Car Complaints
Mercedes A220 (2019-2020), Mercedes AMG GLB35 (2021), Mercedes GLB250 (2020) – Front Axle Carrier May Corrode
Mercedes-Benz USA, LLC is recalling certain 2021 AMG GLB35, 2019-2020 A220, and 2020 GLB250 vehicles. The integral carrier that supports the front axle may corrode, causing it to fail. Front axle carrier failure may result in a loss of steering control, increasing the risk of a crash. Please click NHTSA Campaign Number 21V990000 for additional information about the safety issue and the reason for the vehicle recall.
How Do You Know If Your Vehicle Has Been Recalled?
Your vehicle MAY be involved in a safety recall which MAY create a safety risk for you or your passengers. If not repaired, a potential safety defect could lead to injury or even death. Safety defects must be repaired by a dealer at no cost to you. To find out if your vehicle is included in the recall, please use the NHTSA’s VIN Look-up Tool.
What Is A Vehicle Recall?
When a manufacturer or the NHTSA determines that a vehicle creates an unreasonable risk to safety or fails to meet minimum safety standards, the manufacturer is required to fix that vehicle at no cost to the owner. The fix, or repair, can be accomplished by repairing, replacing, offering a refund (for equipment) or, in rare cases, repurchasing the car/vehicle.
What Should I Do If My Vehicle Is Included In This Recall?
If your vehicle is included in a specific recall, it is very important that you get it fixed as soon as possible given the potential danger to you and your passengers if it is not addressed. You should receive a separate letter in the mail from the vehicle manufacturer, notifying you of the recall and explaining when the remedy will be available, whom to contact to repair your vehicle, and to remind you that the repair will be done at no charge to you. If you believe your vehicle is included in the recall, but you do not receive a letter in the mail from the vehicle manufacturer, please call NHTSA’s Vehicle Safety Hotline at 1-888-327-4236, or contact your vehicle manufacturer or dealership.
For additional information about vehicle recalls, please click Vehicle Recall FAQs.
Source: U.S. Department of Transportation, National Highway Traffic Safety Administration
VEHICLE OWNERS AND LESSEES AFFECTED BY AUTOMOTIVE DEFECTS OR SAFETY RECALLS ARE ENCOURAGED TO COMPLETE THE FORM ON THE RIGHT OR CONTACT KEHOE LAW FIRM, P.C., [email protected], FOR A FREE, NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.
