{"id":392219,"date":"2020-12-02T16:40:13","date_gmt":"2020-12-02T21:40:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392219"},"modified":"2020-12-02T16:40:13","modified_gmt":"2020-12-02T21:40:13","slug":"hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, Dec. 2, 2020<\/span> \/PRNewswire\/ —\u00a0<\/b>Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) <\/b>investors with significant losses to submit your losses now<\/a>.\u00a0 A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff.\u00a0 <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period:<\/b>\u00a0Sept. 24, 2018 – Oct. 12, 2020<\/span>
Lead Plaintiff Deadline: <\/b>Dec. 14, 2020<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/LOOP<\/a>\u00a0
Contact An Attorney Now:<\/b>\u00a0LOOP@hbsslaw.com<\/a>\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895<\/b><\/p>\n

\n Loop (LOOP) Securities Fraud Class Action:<\/b>\n <\/p>\n

The complaint alleges that Loop made false and misleading statements about its purportedly “proven” technology that breaks down PET plastic to its base chemicals at a recovery rate of 100%.\u00a0 The complaint also alleges that Loop misrepresented its partnerships with key customers.<\/p>\n

Specifically, the complaint alleges that Defendants failed to disclose to investors: (1) that Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) that Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) that, as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp.<\/p>\n

Investors allegedly began to learn the truth on Oct. 13, 2020<\/span>, when Hindenburg Research<\/i> published a report concluding “Loop is smoke and mirrors with no viable technology.”\u00a0 Hindenburg <\/i>reported that: (i) Loop’s technology is no more efficient or cost effective than traditional PET recycling methods and its previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were “‘technically and industrially impossible;'” (ii) under pressure from CEO Daniel Solomita<\/span>, Loop’s scientists were tacitly encouraged to lie about the results of the Company’s process internally; and (iii) the Indorama partnership has not even been finalized, and the Thyssenkrupp partnership is on indefinite hold. <\/p>\n

Following Hindenburg<\/i>‘s report, the price of Loop shares crashed on Oct. 13, 2020<\/span>.<\/p>\n

\n Most recently, on Oct. 16, 2020<\/span><\/b>\u00a0Loop announced the SEC subpoenaed the Company seeking information regarding testing, testing results and details of results about its technologies, partnerships and agreements, sending the price of Loop shares crashing again.<\/p>\n

“We’re focused on investors’ losses and proving Loop misrepresented its technological capabilities,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation. <\/p>\n

If you are a Loop Industries investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding Loop Industries should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. \u00a0Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. \u00a0For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email LOOP@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n <\/u>
\n
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.\u00a0 The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. \u00a0For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

\n Contact:
<\/u>
\n Reed Kathrein<\/span>, 844-916-0895<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys-301185115.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, Dec. 2, 2020 \/PRNewswire\/ —\u00a0Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) investors with significant losses to submit your losses now.\u00a0 A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff.\u00a0 Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOP\u00a0Contact An Attorney Now:\u00a0LOOP@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Loop (LOOP) Securities Fraud Class Action: The complaint alleges that Loop made false and misleading statements about its purportedly “proven” technology that breaks down PET plastic to its base chemicals at a recovery rate of 100%.\u00a0 The complaint also alleges that Loop misrepresented its partnerships with key customers. Specifically, the complaint alleges that Defendants failed to disclose to investors: … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392219","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, Dec. 2, 2020 \/PRNewswire\/ —\u00a0Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) investors with significant losses to submit your losses now.\u00a0 A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff.\u00a0 Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOP\u00a0Contact An Attorney Now:\u00a0LOOP@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Loop (LOOP) Securities Fraud Class Action: The complaint alleges that Loop made false and misleading statements about its purportedly “proven” technology that breaks down PET plastic to its base chemicals at a recovery rate of 100%.\u00a0 The complaint also alleges that Loop misrepresented its partnerships with key customers. Specifically, the complaint alleges that Defendants failed to disclose to investors: … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T21:40:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys\",\"datePublished\":\"2020-12-02T21:40:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/\"},\"wordCount\":556,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/450112\\\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys - 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(NASDAQ: LOOP) investors with significant losses to submit your losses now.\u00a0 A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff.\u00a0 Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOP\u00a0Contact An Attorney Now:\u00a0LOOP@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0844-916-0895 Loop (LOOP) Securities Fraud Class Action: The complaint alleges that Loop made false and misleading statements about its purportedly “proven” technology that breaks down PET plastic to its base chemicals at a recovery rate of 100%.\u00a0 The complaint also alleges that Loop misrepresented its partnerships with key customers. Specifically, the complaint alleges that Defendants failed to disclose to investors: … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-02T21:40:13+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys","datePublished":"2020-12-02T21:40:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/"},"wordCount":556,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-loop-investors-to-december-14th-lead-plaintiff-deadline-encourages-investors-with-losses-to-contact-its-attorneys\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (LOOP) Investors to December 14th Lead Plaintiff Deadline, Encourages Investors with Losses to Contact Its Attorneys - 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