LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sasol Limited (“Sasol” or “the Company”) (NYSE: SSL) 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.
Investors who purchased the Company's securities between March 10, 2015 and January 13, 2020, inclusive (the “Class Period”), are encouraged to contact the firm before April 6, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of The Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. Sasol failed to conduct appropriate due diligence on the Lake Charles Chemicals Project (“LCCP”). The LCCP was suffered from significant control weaknesses, delays, cost overruns, and technical glitches in its construction and operation. The Company’s management made these problems even worse due to its improper and unethical oversight and financial reporting for the LCCP. The numerous problems with the LCCP were likely to negatively impact the Company’s financial performance. Based on these facts the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Sasol, investors suffered damages.
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