{"id":402251,"date":"2020-12-17T15:03:25","date_gmt":"2020-12-17T20:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402251"},"modified":"2020-12-17T15:03:25","modified_gmt":"2020-12-17T20:03:25","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) on Behalf of Investors<\/b><\/p>\n

Shareholders with losses exceeding $400,000 are encouraged to contact the firm<\/i><\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces an investigation of Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ<\/a>) (NYSE: CVIA, FMSA) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nCovia provides minerals and materials solutions for the industrial and energy markets, including producing proprietary sand for use in fracking.\n<\/p>\n

\nOn March 22, 2019, after the market closed, the Company disclosed that it had received a subpoena from the SEC seeking information relating to certain value-added proppants marketed and sold by Fairmount Santrol of Covia within the Energy segment since January 1, 2014.\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $0.45, or 7%, to close at $6.05 per share on March 25, 2019, thereby injuring investors.\n<\/p>\n

\nThen, on November 6, 2019, during market hours, Covia disclosed that, \u201cthe SEC ha[d] requested additional information and subpoenaed certain current and former employees to testify.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $0.07, or 4.3%, to close at $1.56 per share on November 6, 2019, thereby injuring investors further.\n<\/p>\n

\nThen, on June 29, 2020, after the market closed, the Company announced that it had filed for petitions under Chapter 11 of the U.S. Bankruptcy Code.\n<\/p>\n

\nOn June 30, 2020, the NYSE delisted the Company, stating in relevant part that \u201cthe Company is no longer suitable for listing . . . after the Company\u2019s June 29, 2020 disclosure that the Company filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $0.18, or more than 37%, between the closing price on NYSE and resuming trading OTC on July 1, 2020 at $0.30 per share.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased Covia securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

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

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217005632\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) on Behalf of Investors Shareholders with losses exceeding $400,000 are encouraged to contact the firm LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ) (NYSE: CVIA, FMSA) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. Covia provides minerals and materials solutions for the industrial and energy markets, including producing proprietary sand for use in fracking. On March 22, 2019, after the market closed, … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) on Behalf of Investors”<\/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-402251","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. 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(CVIAQ) on Behalf of Investors Shareholders with losses exceeding $400,000 are encouraged to contact the firm LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ) (NYSE: CVIA, FMSA) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. Covia provides minerals and materials solutions for the industrial and energy markets, including producing proprietary sand for use in fracking. On March 22, 2019, after the market closed, … Continue reading "The Law Offices of Frank R. Cruz Announces Investigation of Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. 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