{"id":397485,"date":"2020-12-10T09:38:09","date_gmt":"2020-12-10T14:38:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397485"},"modified":"2020-12-10T09:38:09","modified_gmt":"2020-12-10T14:38:09","slug":"hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, Dec.  10, 2020  (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Loop Industries, Inc. <strong>(N<\/strong><strong>ASDAQ<\/strong><strong>: <\/strong><strong>LOOP<\/strong><strong>)<\/strong> investors with significant losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KqrUpcSp81guDRbqZYMVUgXLH6P6uis1TYoJ4kfiOqIqJgCjG5uEvn-hypy1RhyUJmWYkPwswoeey-re9UUJYhRWEa2eplHrGq1FljFecVJQwgeHTD8MiGuZ9s2HtDTO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">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<p>\n        <strong>Class<\/strong><br \/>\n        <strong>Period:<\/strong> Sept. 24, 2018 &#8211; Oct. 12, 2020<br \/><strong>Lead Plaintiff Deadline: <\/strong>Dec. 14, 2020<br \/><strong>Visit<\/strong><strong>:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dm4W3aS1SHvAHDIi-PolJtDF_QAOwqze1ZwZCLpyXftpA4MftTxVpuNoUjHlBpqGimiN33vKEUF3-x_SQZX4FjQGg3P2YX1Dj5F1ZQDQuRSPJpPwgycSwky249PNpDCRRABzU_UOPGdsdZZ0zIfN0A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/LOOP<\/a><br \/><strong>Contact An Attorney Now<\/strong><strong>:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ghFdNCpyGDuZuaC5EpWJgHSyBPR5dML_Er2BJcah0mfxzzd9FauaWwRpNt5cwwfYROXXDXrV3zBDM4ltYq5Ywg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LOOP@hbsslaw.com<\/a><br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>844-916<\/strong><strong>&#8211;<\/strong><strong>0895<\/strong><\/p>\n<p>\n        <strong>Loop <\/strong><br \/>\n        <strong>(<\/strong><br \/>\n        <strong>LOOP<\/strong><br \/>\n        <strong>) <\/strong><br \/>\n        <strong>Securities Fraud Class Action<\/strong><br \/>\n        <strong>:<\/strong>\n      <\/p>\n<p>The complaint alleges that Loop made false and misleading statements about its purportedly \u201cproven\u201d 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.<\/p>\n<p>Specifically, the complaint alleges that Defendants failed to disclose to investors: (1) that Loop scientists were encouraged to misrepresent the results of Loop\u2019s 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\u2019s announced partnerships with Indorama and Thyssenkrupp.<\/p>\n<p>Investors allegedly began to learn the truth on Oct. 13, 2020, when <em>Hind<\/em><em>e<\/em><em>nburg Research<\/em> published a report concluding \u201cLoop is smoke and mirrors with no viable technology.\u201d <em>Hindenburg <\/em>reported that: (i) Loop\u2019s 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 \u201c\u2018technically and industrially impossible;\u2019\u201d (ii) under pressure from CEO Daniel Solomita, Loop\u2019s scientists were tacitly encouraged to lie about the results of the Company\u2019s process internally; and (iii) the Indorama partnership has not even been finalized, and the Thyssenkrupp partnership is on indefinite hold.\u00a0<em>Hindenburg<\/em> also questioned Loop\u2019s statements about its partnerships, including with Coca-Cola.<\/p>\n<p>Following <em>Hindenburg<\/em>\u2019s report, the price of Loop shares crashed on Oct. 13, 2020.<\/p>\n<p>The price of Loop shares crashed again on Oct. 16, 2020 when Loop revealed the SEC subpoenaed the Company seeking information regarding testing, testing results and details of results about its technologies, partnerships and agreements.<\/p>\n<p>\n        <strong>Then, on Nov. 4, 2020 Loop announced Coca-Cola Cross Enterprise Procurement Group terminated its agreement<\/strong> because \u201cthe Company did not satisfy its first production milestone from the joint venture facility by July 2020\u201d as required by the agreement.<\/p>\n<p>\u201cWe\u2019re focused on investors\u2019 losses and proving Loop misrepresented its technological capabilities,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n<p>If you are a Loop Industries investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vt9kQYI8laEOWuOK9_H7Mv3aOcnftOhx93z92FgiyTD4XBIR-GWQWAACm52fJsGbPvKBFyw21iqqnunyyHwwNPhH9tDLsk1OJbuizCN3cTy7AweiM5t_eN015l3c7mToIFSXE3mHO9oribyHBshIq90-Qw46FJUskGRyP4z1QQw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n<p>\n        <strong>Whistleblowers: <\/strong>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 at <strong>844<\/strong><strong>&#8211;<\/strong><strong>916<\/strong><strong>&#8211;<\/strong><strong>0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ghFdNCpyGDuZuaC5EpWJgKZGdyrXNoMiHIQ44MjNkgMKWcj2CxPaS0mDKjHzF6NPLEgVyF-ayTPR-f5YmgCB_A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LOOP@hbsslaw.com<\/a>.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fBxn_Q28DDWSAVVeJZrtwPEoE8EE_AhLOhKYE7G8gNiXjq_eIekYCFlL7fbpcU0H02x5WWzvoP6VJeZyotuSLlz5SymEGQJ5gYvunjAN2ZY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>About Hagens Berman<\/u><br \/>\n        <\/a><br \/>\n        <br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7G5K74y3fILBAqMw-XL7chK-m7_zjXpcB3PZScRQRhQ6EdZtZ0Rz487Ssm0IV9aPE1ZlkVgTaL0T_yEBh_v3Hw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">hbsslaw.com<\/a>. For the latest news visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ai1vN6guI8IZMQPNfNuSBqIWxbjnhO7RVhVPF_Zo4SowQGI5741-WNTpIWXW73Z2QlZtW38WA_N-YckYCjwcfOfHad5cbuZ1elmP0Tzo_HA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newsroom<\/u><\/a> or follow us on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=md4gkupOwOMQn4BFzy2VcZUvQ_wl1aJkH7p6ucRSH5HWnwgYVvJN5wnQel7CHZWpnf0bX9dCu7CO7w37pqORyw3cMS6v3jEWwrQeQyf5n7A=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@classactionlaw<\/u><\/a>.<\/p>\n<p>\n        <u>Contact<\/u><br \/>\n        <u>:<\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTg5OSMzODY0OTQ0IzIwMTg1MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/08897c7a-f26a-4923-b1db-8d5d53edb6e6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) investors 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: Sept. 24, 2018 &#8211; Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:www.hbsslaw.com\/investor-fraud\/LOOPContact An Attorney Now:LOOP@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916&#8211;0895 Loop ( LOOP ) Securities Fraud Class Action : The complaint alleges that Loop made false and misleading statements about its purportedly \u201cproven\u201d technology that breaks down PET plastic to its base chemicals at a recovery &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm&#8221;<\/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-397485","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday 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\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/\" \/>\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 (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) investors 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: Sept. 24, 2018 &#8211; Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:www.hbsslaw.com\/investor-fraud\/LOOPContact An Attorney Now:LOOP@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916&#8211;0895 Loop ( LOOP ) Securities Fraud Class Action : The complaint alleges that Loop made false and misleading statements about its purportedly \u201cproven\u201d technology that breaks down PET plastic to its base chemicals at a recovery &hellip; Continue reading &quot;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T14:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTg5OSMzODY0OTQ0IzIwMTg1MzI=\" \/>\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-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; 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Monday Application Deadline, Encourages Investors with Losses to Contact the Firm - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/","og_locale":"en_US","og_type":"article","og_title":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm - Market Newsdesk","og_description":"SAN FRANCISCO, Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Loop Industries, Inc. (NASDAQ: LOOP) investors 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: Sept. 24, 2018 &#8211; Oct. 12, 2020Lead Plaintiff Deadline: Dec. 14, 2020Visit:www.hbsslaw.com\/investor-fraud\/LOOPContact An Attorney Now:LOOP@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916&#8211;0895 Loop ( LOOP ) Securities Fraud Class Action : The complaint alleges that Loop made false and misleading statements about its purportedly \u201cproven\u201d technology that breaks down PET plastic to its base chemicals at a recovery &hellip; Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; Monday Application Deadline, Encourages Investors with Losses to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-10T14:38:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTg5OSMzODY0OTQ0IzIwMTg1MzI=","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-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-loop-industries-nasdaq-loop-investors-to-coca-cola-contract-termination-monday-application-deadline-encourages-investors-with-losses-to-contac\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Loop Industries (NASDAQ: LOOP) Investors to Coca-Cola Contract Termination &amp; 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