{"id":395769,"date":"2020-12-08T14:59:04","date_gmt":"2020-12-08T19:59:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395769"},"modified":"2020-12-08T14:59:04","modified_gmt":"2020-12-08T19:59:04","slug":"loop-industries-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/loop-industries-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for\/","title":{"rendered":"LOOP INDUSTRIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Loop Industries, Inc."},"content":{"rendered":"
\n

\n
\n RAPIDLY APPROACHING <\/strong>
\n <\/strong>
\n
\n LE<\/strong>
\n <\/strong>
\n
\n AD PLAINTIFF DEADLINE IS<\/strong>
\n <\/strong>
\n
\n DECEMBER 14<\/strong>
\n <\/strong>
\n
\n , 2020<\/strong>
\n <\/strong>
\n \n <\/p>\n

NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP<\/a> announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of persons and entities that purchased or otherwise acquired Loop Industries, Inc. (\u201cLoop\u201d or the \u201cCompany\u201d) (NASDAQ: LOOP) securities between September 24, 2018 and October 12, 2020, inclusive (the \u201cClass Period\u201d).<\/p>\n

\n All <\/strong>
\n i<\/strong>
\n nvestors<\/strong>
\n who<\/strong>
\n purchased<\/strong>
\n shar<\/strong>
\n es<\/strong>
\n of<\/strong>
\n Loop Industries, Inc<\/strong>
\n .<\/strong>
\n a<\/strong>
\n nd<\/strong>
\n incurred losses <\/strong>
\n a<\/strong>
\n re <\/strong>
\n u<\/strong>
\n rged<\/strong>
\n to contact the firm <\/strong>
\n i<\/strong>
\n mmediately at <\/strong>
\n
\n classmember@whafh.com<\/a>
\n <\/strong>
\n \u00a0or (800) 575-0735 or (212) 545-4774.<\/strong>
\n You may o<\/strong>
\n btain additional information conc<\/strong>
\n erning the action <\/strong>
\n or <\/strong>
\n
\n join the case<\/strong>
\n <\/a>
\n on our <\/strong>
\n website<\/strong>
\n , <\/strong>
\n
\n www.whafh.co<\/strong>
\n <\/a>
\n
\n m<\/a>
\n <\/strong>
\n .<\/strong>\n <\/p>\n

If you have incurred losses in the shares of Loop Industries, Inc., you<\/strong>may<\/strong>,<\/strong>no<\/strong>later than<\/strong>December 14<\/strong>, 2020<\/strong>,<\/strong> request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of Loop Industries, Inc.<\/p>\n

\n
\n CLICK HERE TO JOIN CASE<\/a>
\n <\/strong>\n <\/p>\n

Loop is a technology company that purports to own proprietary technology that depolymerizes no- and low-waste PET plastic and polyester fiber. The resulting material is used to create PET resin for food-grade packaging.<\/p>\n

On October 13, 2020, Hindenburg Research published a report alleging, among other things, that \u201cLoop\u2019s scientists, under pressure from CEO Daniel Solomita, were tacitly encouraged to lie about the results of the company\u2019s process internally.\u201d <\/em>The report also stated that \u201cLoop\u2019s previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were \u2018technically and industri<\/em>ally impossible<\/em>\u2019\u201d<\/em> according to a former employee. Moreover, the report alleged that \u201cExecutives from a division of key partner <\/em>ThyssenKrupp<\/em>, who Loop entered into a \u2018global alliance agreement\u2019 with in December 2018, told us their partnership is on \u2018indefinite\u2019 hold and that Loop \u2018underestimated\u2019 both costs and complexities of its process.\u201d<\/em><\/p>\n

On this news, the Company\u2019s share price fell $3.78, or over 32%, to close at $7.83 per share on October 13, 2020.<\/p>\n

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/a>\u00a0by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at www.whafh.com<\/a>.<\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>, kcooper@whafh.com<\/a>\u00a0or classmember@whafh.com
<\/a>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

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

RAPIDLY APPROACHING LE AD PLAINTIFF DEADLINE IS DECEMBER 14 , 2020 NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of persons and entities that purchased or otherwise acquired Loop Industries, Inc. (\u201cLoop\u201d or the \u201cCompany\u201d) (NASDAQ: LOOP) securities between September 24, 2018 and October 12, 2020, inclusive (the \u201cClass Period\u201d). All i nvestors who purchased shar es of Loop Industries, Inc . a nd incurred losses a re u rged to contact the firm i mmediately at classmember@whafh.com \u00a0or (800) 575-0735 or (212) 545-4774. You may o … <\/p>\n

Continue reading “LOOP INDUSTRIES, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Loop Industries, Inc.”<\/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-395769","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLOOP INDUSTRIES, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Loop Industries, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/loop-industries-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-08T19:59:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODkwNSMzODYyMzUzIzIwMTc2NzI=","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\/loop-industries-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/loop-industries-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LOOP INDUSTRIES, INC. 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