LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Livent Corporation (“Livent” or “the Company”) (NYSE: LTHM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Livent released its fourth quarter 2018 financial results on February 11, 2019. The Company reported disappointing results missing top line sales targets and indicated difficult contract negotiations with customers were the cause. Livent’s shares dropped 4% the next day. The Company reported its first quarter 2019 results on May 8, 2019, disappointing again and citing continuing customer issues. Based on this news, Livent’s shares fell by 16% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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