PR Newswire
NEW YORK, Dec. 3, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Covia Holdings Corporation (OTC: CVIAQ) f/k/a Fairmount Santrol Holdings Inc. (NYSE: FMSA) resulting from allegations that Covia may have issued materially misleading business information to the investing public.
On May 9, 2019, after market hours, the Company revealed in a 10-Q Quarterly Report that it received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) on March 18, 2019. The SEC was “seeking information relating to certain value-added proppants marketed and sold by Fairmount Santrol or Covia within the Energy segment.” On this news, the Company’s shares dropped $0.29, or over 7%, from closing at $3.76 on May 9, 2019 to closing at $3.47 on May 10, 2019.
On November 6, 2019, during market hours, the Company revealed in a 10-Q Quarterly Report that the SEC “requested additional information and subpoenaed certain current and former employees to testify.” On this news, the Company’s shares dropped $0.07, or over 4%, from opening at $1.63 to closing at $1.56 that same day.
Rosen Law Firm is preparing a securities lawsuit on behalf of Covia shareholders. If you purchased securities of Covia please visit the firm’s website at http://www.rosenlegal.com/cases-register-1993.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
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