Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
LICY.US
id: 868

Li-Cycle (LICY) Rochester Hub Project Pause

S.D. New York
Court
1:23-cv-09894
Case number
14 Jun 2022
Class period Start
23 Oct 2023
Class period End
08 Jan 2024
Lead Plaintiff motion deadline
  • Li-Cycle halted construction on its Rochester Hub project due to unexpectedly high costs.
  • On October 23, 2023, the truth came out, leading to a 45% $LICY fall.
Li-Cycle announced that it was stopping construction on its Rochester Hub project, even though they had nearly finished the project's planning.

The company revealed that the costs were higher than expected. This forced them to pause construction and reevaluate their strategy.

This news caused $LICY fall by 45% and $185.23M loss of market cap, damaging shareholders.

Given all this information, investors have reason to suspect that Li-Cycle and its executives misled them by not disclosing the escalating construction costs and the project's perspectives.
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
23 October 2023
Filing date
08 November 2023
Lead Plaintiff Deadline
08 January 2024
Collecting participants…

LiCycle Holdings Corp

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery mater...

    Ticker
    LICY.US
    ISIN
    CA50202P1053
    CIK
    1828811
    Sector
    Industrials
    Industry
    Waste Management
    Country
    USA
    Address
    207 Queen?s Quay West, Toronto, ON, Canada, M5J 1A7