{"id":396893,"date":"2020-12-09T17:42:26","date_gmt":"2020-12-09T22:42:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396893"},"modified":"2020-12-09T17:42:26","modified_gmt":"2020-12-09T22:42:26","slug":"5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\/","title":{"rendered":"5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm"},"content":{"rendered":"
\n

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

\n

\n SAN FRANCISCO<\/span>, Dec. 9, 2020<\/span> \/PRNewswire\/ —\u00a0<\/b>Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP)\u00a0<\/b>investors with significant losses to submit your losses now<\/a>. A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff.<\/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
Contact<\/b><\/a> 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 844-916-0895<\/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%. The complaint also alleges that Loop misrepresented its partnerships with key customers, including Coca-Cola.<\/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.” 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.\u00a0 <\/p>\n

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

\n Then, on Nov. 4, 2020<\/span> Loop announced Coca-Cola Cross Enterprise Procurement Group terminated its agreement<\/b>\u00a0because “the Company did not satisfy its first production milestone from the joint venture facility by July 2020<\/span>” as required by the agreement.<\/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. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email mailto:<\/a>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. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com<\/a>. For 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

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination–december-14th-application-deadline-encourages-investors-with-losses-to-contact-the–301189851.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. 9, 2020 \/PRNewswire\/ —\u00a0Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP)\u00a0investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff. Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOPContact 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 844-916-0895 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%. The complaint also alleges that Loop misrepresented its partnerships with key customers, including Coca-Cola. Investors allegedly began to learn the truth on Oct. … <\/p>\n

Continue reading “5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm”<\/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-396893","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm - 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\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, Dec. 9, 2020 \/PRNewswire\/ —\u00a0Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP)\u00a0investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff. Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOPContact 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 844-916-0895 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%. The complaint also alleges that Loop misrepresented its partnerships with key customers, including Coca-Cola. Investors allegedly began to learn the truth on Oct. … Continue reading "5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T22:42:26+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=\"2 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\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm\",\"datePublished\":\"2020-12-09T22:42:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/\"},\"wordCount\":500,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/#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\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/5-day-loop-deadline-hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-december-14th-application-deadline-encourages-inv\\\/\",\"name\":\"5-DAY LOOP DEADLINE: Hagens Berman, National Trial Attorneys, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination & December 14th Application Deadline, Encourages Investors with Losses to Contact the Firm - 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(NASDAQ: LOOP)\u00a0investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have sufficient losses to move for lead plaintiff. Class Period:\u00a0Sept. 24, 2018 – Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:\u00a0www.hbsslaw.com\/investor-fraud\/LOOPContact 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 844-916-0895 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%. The complaint also alleges that Loop misrepresented its partnerships with key customers, including Coca-Cola. 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