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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Loop Industries, Inc.    LOOP

LOOP INDUSTRIES, INC.

(LOOP)
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LOOP Shareholder Notification: Bronstein, Gewirtz & Grossman, LLC Notifies Loop Industries, Inc. of Class Action and Encourages Shareholders to Contact the Firm

10/22/2020 | 11:02am EST

Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Loop Industries, Inc. ("Loop" or the "Company") (NASDAQ: LOOP) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Loop securities between September 24, 2018 and October 12, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/loop.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/loop or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Loop you have until December 15, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.


© Business Wire 2020
All news about LOOP INDUSTRIES, INC.
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Financials (USD)
Sales 2021 - - -
Net income 2021 -24,7 M - -
Net Debt 2021 - - -
P/E ratio 2021 -16,7x
Yield 2021 -
Capitalization 428 M 428 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 65,5x
Nbr of Employees 61
Free-Float 36,6%
Chart LOOP INDUSTRIES, INC.
Duration : Period :
Loop Industries, Inc. Technical Analysis Chart | LOOP | US5435181046 | MarketScreener
Technical analysis trends LOOP INDUSTRIES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 15,50 $
Last Close Price 10,09 $
Spread / Highest target 58,6%
Spread / Average Target 53,6%
Spread / Lowest Target 48,7%
EPS Revisions
Managers and Directors
NameTitle
Daniel Solomita Chairman, President & Chief Executive Officer
Nelson Gentiletti Treasurer, Chief Operating & Financial Officer
Jay Stubina Independent Director
Laurence G. Sellyn Lead Independent Director
Andrew P. Lapham Independent Director
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