TORONTO , Feb. 12, 2025 /CNW/ – Berger Montague (Canada) PC , a Toronto -based law firm that focuses on representing investors in cross-border and transatlantic shareholder disputes, reminds investors that the pending shareholder class action against Li-Cycle Holdings Corp. (NYSE: “LICY”) is limited to Canadian based investors.
On February 18, 2025 , the investor will be serving his motion record in support of class certification as defined as:
All Canadian beneficial owners who acquired Li-Cycle’s common shares between February 27, 2023 and the close of trading November 10, 2023 , and who continued to hold all or some of those common shares until, at a minimum October 23, 2023 , or after November 10, 2023 .
On October 23, 2023 , LICY published news that it would be halting the construction of the Rochester Hub Project pending a comprehensive review. The value of LICY’s common shares dropped by 66%. On November 13, 2023 , LICY published its Q3 2023 financial statements and MD&A and disclosed additional negative information about the Rochester Hub Project. The price of LICY’s common shares dropped from $1.56 to $0.89 , or 42%.
This Canadian class action seeks to treat all Canadian investors equally with common issues and a common measure of damages.
If you are a Canadian based investor please contact us at Canadainfo@bm.net ; or register your interest at our dedicated website for investors to have your voice heard.
Berger Montague (Canada) is a leading Toronto, Ontario based law firm that represents investors in cross-border and transatlantic shareholder disputes. We regularly represent investors across Canada, Europe , and the United Kingdom.
SOURCE Berger Montague (Canada) PC
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