{"id":406263,"date":"2020-12-29T11:59:12","date_gmt":"2020-12-29T16:59:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406263"},"modified":"2020-12-29T11:59:12","modified_gmt":"2020-12-29T16:59:12","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ)"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ)<\/b><\/p>\n<p><b><i>Shareholders with losses exceeding $400,000 are encouraged to contact the firm<\/i><\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=Glancy+Prongay+%26amp%3B+Murray+LLP&amp;index=1&amp;md5=52d2324ef2b318616873c637f7fa8430\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming <b>February 8, 2021 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FCVIAQ&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=CVIAQ&amp;index=2&amp;md5=6f9b0126f57c41610912c0477577cd7b\">CVIAQ<\/a>) (NYSE: CVIA, FMSA) securities between <b>March 15, 2016 and June 29, 2020<\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n<p>\nIf you suffered a loss on your Covia investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fcovia-holdings-corporation%2F&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fcovia-holdings-corporation%2F&amp;index=3&amp;md5=4729d73111fc5a48e11f6bc8606216b6\">https:\/\/www.glancylaw.com\/cases\/covia-holdings-corporation\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a> to learn more about your rights.\n<\/p>\n<p>\nCovia provides minerals and materials solutions for the industrial and energy markets, including producing proprietary sand for use in fracking.\n<\/p>\n<p>\nOn March 22, 2019, after the market closed, the Company disclosed that it had \u201creceived a subpoena from the SEC seeking information relating to certain value-added proppants marketed and sold by Fairmount Santrol or Covia within the Energy segment since January 1, 2014.\u201d\n<\/p>\n<p>\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<p>\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<p>\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<p>\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<p>\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<p>\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<p>\nThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Covia&#8217;s proprietary &#8220;value-added&#8221; proppants were not necessarily more effective than ordinary sand; (2) Covia&#8217;s revenues, which were dependent on its proprietary &#8220;value-added&#8221; proppants, was based on misrepresentations; (3) when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and (4) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.\n<\/p>\n<p>\nFollow us for updates on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=4&amp;md5=bfd390d3f36ab18573af1e27234b9e10\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=Twitter&amp;index=5&amp;md5=9a7f5361c9ef68150ba7d6d9669cedd8\">Twitter<\/a>, or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=Facebook&amp;index=6&amp;md5=bd6a4b80fcc9a205f3a26a99f2cc9ccf\">Facebook<\/a>.\n<\/p>\n<p>\nIf you purchased or otherwise acquired Covia securities during the Class Period, you may move the Court no later than <b>February 8, 2021 <\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a>, or visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=7&amp;md5=145faf3044db56da2b43b9f7631400ab\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201229005347r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201229005347\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201229005347\/en\/<\/a><\/span><\/p>\n<p>\nGlancy Prongay &amp; Murray LLP, Los Angeles<br \/>\n<br \/>Charles Linehan, 310-201-9150 or 888-773-9224<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52354443&amp;newsitemid=20201229005347&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=8&amp;md5=5cee94e05ba6599c2d4f7539e538ccbf\">www.glancylaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201229005347\/en\/478343\/3\/GPM_Logo_Colo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) Shareholders with losses exceeding $400,000 are encouraged to contact the firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming February 8, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ) (NYSE: CVIA, FMSA) securities between March 15, 2016 and June 29, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Covia investments or would like to inquire about &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ)&#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-406263","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) - 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\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-covia-holdings-corporation-f-k-a-fairmount-santrol-holdings-inc-cviaq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. (CVIAQ) Shareholders with losses exceeding $400,000 are encouraged to contact the firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming February 8, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ) (NYSE: CVIA, FMSA) securities between March 15, 2016 and June 29, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Covia investments or would like to inquire about &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. 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(CVIAQ) Shareholders with losses exceeding $400,000 are encouraged to contact the firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming February 8, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Covia Holdings Corporation (\u201cCovia\u201d or the \u201cCompany\u201d) f\/k\/a Fairmount Santrol Holdings Inc. (\u201cFairmount Santrol\u201d) (OTC: CVIAQ) (NYSE: CVIA, FMSA) securities between March 15, 2016 and June 29, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Covia investments or would like to inquire about &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Covia Holdings Corporation f\/k\/a Fairmount Santrol Holdings Inc. 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