NEW YORK, Feb. 5, 2018 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Aqua Metals, Inc. (“Aqua Metals” or the “Company”) (NASDAQ: AQMS) of the February 13, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Aqua Metals stock or options between May 19, 2016 and November 9, 2017 and would like to discuss your legal rights, click here: www.faruqilaw.com/AQMS. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
FARUQI & FARUQI, LLP
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New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Aqua Metals securities between May 19, 2016 and November 9, 2017, inclusive (the “Class Period”). The case, Heath v. Aqua Metals, Inc. et al., No. 3.17-cv-07196 was filed on December 19, 2017 and has been assigned to Judge Jon S. Tigar.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company was touting the business value of the Interstate Battery Partnership and the JCI Partnership; (2) the Company was aware of and ignoring material unresolved deficiencies in the technology and process preventing large scale development; (3) the Company was experiencing numerous execution and operational issues preventing scaling and production ramp up at its facility; (4) the Company was unable to produce and generate revenue from its core business, therefore remaining unprofitable; and (5) as a result of the foregoing, the Company statements about its business and operations were materially false and misleading at all relevant times.
Specifically, on May 9, 2017, during a conference call to discuss the Company’s financial and operating result for the fiscal first quarter ended March 31, 2016, Aqua Metals’ chief executive officer (“CEO”), Stephan R. Clarke described a long list of unresolved and/or partially resolved issues the Company was in fact facing.
Then, August 9, 2017, held a conference call to discuss the Company’s financial and operating result for the second quarter ended June 30, 2017, during