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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Aqua Metals, Inc. of Class Action Lawsuit and Upcoming Deadline – AQMS

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

NEW YORK, Jan. 13, 2018 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Aqua Metals, Inc. (“Aqua Metals” or the “Company”) (NASDAQ:  AQMS) and certain of its officers.   The class action, filed in United States District Court, for the Northern District of California, and docketed under 17-cv-07270, is on behalf of a class consisting of investors who purchased or otherwise acquired Aqua Metals securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Aqua Metals securities between May 19, 2016, and November 9, 2017, both dates inclusive, you have until February 13, 2018, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here to join this class action]

Aqua Metals was purportedly formed to engage in the business of recycling lead through a novel process called “AquaRefining.”

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) the Company was touting the business value of the Interstate Battery Partnership and the JCI Partnership; (ii) the Company was aware of and ignoring material unresolved deficiencies in the AquaRefining technology and process preventing large scale development; (iii) the Company was experiencing numerous execution and operational issues preventing scaling and production ramp up at its facility; (iv) the Company was unable to produce and generate revenue from its core business, therefore, remaining unprofitable; and (v) as a result, Aqua Metals’ public statements were materially false and misleading at all relevant times.

On May 9, 2017, Aqua Metals advised investors that the Company had experienced “issues” and “challenges” as it ramped up its AquaRefining recycling process, specifically stating that certain steps in the process “took longer than we planned to get . . . up and running.” 

On this news, Aqua Metals’ share price fell $4.34, or roughly 26%, to close at $12.31 on May 10, 2017. 

On August 9, 2017,

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