Loop Deadline Alert

Newsfile Corp.
·3 min read

Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Loop To Contact Him Directly To Discuss Their Options

New York, New York--(Newsfile Corp. - November 30, 2020) -  If you suffered losses exceeding $100,000 investing in Loop stock or options between September 24, 2018 and October 12, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com/LOOP or call Faruqi & Faruqi partner James Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).



There is no cost or obligation to you.

Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against Loop Industries, Inc. ("Loop" or the "Company") (NASDAQ:LOOP) and reminds investors of the December 14, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.





As detailed below, 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: (1) that Loop scientists were encouraged to misrepresent the results of Loop's purportedly proprietary process; (2) that Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) that, as a result, the Company was unlikely to realize the purported benefits of Loop's announced partnerships with Indorama and Thyssenkrupp; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Specifically, on October 13, 2020, Hindenburg Research published a report alleging, among other things, that "[a] former Loop employee told us that Loop's scientists, under pressure from CEO Daniel Solomita, were tacitly encouraged to lie about the results of the company's process internally. We have obtained internal documents and photographs to support their claims."

Moreover, the report alleged that "Executives from a division of key partner Thyssenkrupp, who Loop entered into a 'global alliance agreement' with in December 2018, told us their partnership is on 'indefinite' hold and that Loop 'underestimated' both costs and complexities of its process."

On this news, the Company's share price fell $3.78, or over 32%, to close at $7.83 per share on October 13, 2020, thereby damaging investors.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Loop's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69224

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On the other hand, the downside of civil surveillance is considered trading safety for liberty. Especially in the United States, the freedom to act anonymously is considered by many to be a core right of democracy in terms of civil liberties identified in the Bill of Rights.The post-pandemic era provides ample justification for persistent citizen identification and continuous tracking and tracing of location and social interactions. All of the key technologies used are evaluated throughout this research, which includes radio communications with devices, optical analysis via video and still pictures, and even via advanced biometrics such as unique biological signatures and presence as may be detected by ubiquitous sensors with reads transmitted via IoT and evaluated via AI-enabled analytics.Many of the technologies used for machine-related monitoring and analysis, such as computer vision for autonomous vehicles, shall be augmented for use in the social distancing solutions market in terms of identification, tracking, and tracing human behaviors. For example, real-world physical access is anticipated to be impacted in a big way due to the pandemic. Accordingly, the publisher sees a keen need for physical access controls, transforming how citizens travel, use public places, and interact with other people. These social distancing market technologies will provide the basis for solutions that enable tracking/identifying people for access to airports, parks, sporting venues, and other public places.The ability to identify, track, and correlate digital and physical identity is of paramount importance to the societal surveillance market. By way of example, digital currencies such as Bitcoin provide for a certain level of anonymity in terms of financial transactions. However, the underlying technology in support of crypto-currencies, blockchain technology, is being adopted by China as it looks to unveil a digital-only version of its currency, which would provide unprecedented governmental oversight and control over transactions. This fits with their drive towards a social credit society in which every citizens' actions are observed and considered.There is an emerging market for surveilling society, which includes observation, tracking, and data analytics to gather and analyze data. This market also involves the use of additional technologies such as the combination of digital twin technology, augmented and virtual reality to provide an improved means of observing and interacting with citizens. Additionally, governments may leverage the ability to observe citizen behaviors by tracking digital payments in an increasingly cashless global society.This market also includes the ability to score citizens as part of an overall social credit system that goes beyond "acceptable" and "unacceptable" individual behaviors to focus on government mandates such as compliance with public safety rulings associated with virus outbreaks. Select Research Findings: The ability to identify, track, and correlate digital and physical identity is of paramount importance to the societal surveillance marketThe combination of AI and big data analytics will be leveraged to identify correlations, trends, and predictive capabilities for governmentBlockchain will be adopted by certain sovereign nations as a means to provide a view into citizen behaviors and even control transactionsThe signal highest ROI solution for 5G by far is anytime, anywhere video and the biggest application is placement within smart cities for surveillanceThe role of human-machine trust and the ability for governments to gain visibility, control and mitigation is evolving with AI, IoT, and cybersecurity threatsWhat started in China as a social credit system will evolve and expand to other nations as governments see the need to observe, track, and intervene with respect to citizenry Target Audience: Network operatorsAI and big data companiesVideo and surveillance companiesDigital ID management companiesGovernmental agencies and NGOs Key Topics Covered: Asset Tracking Market by Technology, Infrastructure, Connection Type, Mobility, Location Determination, Solution Type, and Industry Verticals1. Executive Summary2. Asset Tracking Market Segmentation3. Introduction4. Asset Tracking Solutions5. Asset Tracking in Industry Verticals6. Company Analysis7. Asset Tracking Market Forecasts 2021 - 20268. Conclusions and Recommendations9. Appendix: Slap-and-Track Asset Tracking Solutions Market 2021 - 2026Blockchain Technology Market by Service Type, Applications, Solutions, Industry Verticals1. Executive Summary2. Introduction3. Blockchain Ecosystem and Marketplace4. Blockchain Market Outlook and Forecasts 2021 - 20265. Blockchain Vendors6 Conclusions and RecommendationsHuman and Machine Trust/Threat Detection and Damage Mitigation Market by Technology, Solution, Deployment Model, Use Case, Application, Sector (Consumer, Enterprise, Industrial, Government), Industry Vertical, and Region1. Executive Summary2. Introduction3. Technology and Application Analysis4. Company Analysis5. Market Analysis and Forecast 2021 - 20266. Conclusions and RecommendationsSocial Credit Market by Physical and Cyber Infrastructure (Sensors, Cameras, Biometrics, Computer Vision), Software (Machine Learning, Data Analytics, APIs), Use Cases, Applications, Industry Verticals, and Regions1. Executive Summary2. Introduction3. Social Credit System Technologies and Applications4. Company Analysis5. Social Credit Systems Market Analysis and Forecasts6. Conclusions and Recommendations7. Appendix: Social Credit Market Supporting TechnologiesSocial Distancing Solutions Market by Technology, Gear, and Applications in Industry Verticals1.0 Executive Summary2.0 Introduction3.0 Technology and Application Analysis4.0 Social Distancing Solutions Company Analysis5.0 Social Distancing Market Analysis and Forecasts6.0 Conclusions and Recommendations7.0 AppendixDigital Twins Market by Technology, Solution, Application, and Industry Vertical1. Executive Summary2. Introduction3. Digital Twins Company Assessment4. Digital Twins Market Analysis and Forecasts5. Conclusions and RecommendationsArtificial Intelligence in Information and Communications Technology: AI and Cognitive Computing in Communications, Applications, Content, and Commerce1. Executive Summary2. Introduction3. AI Intellectual Property Leadership by Country and Company4. AI in ICT Market Analysis and Forecasts 2021 - 20265. AI in Select Industry Verticals6. AI in Major Market Segments7. Important Corporate AI M&A8. AI in ICT Use Cases9. AI in ICT Vendor Analysis10. Summary and Recommendations11. Appendix: Key AI in ICT PatentsBig Data Market by Leading Companies, Solutions, Use Cases, Business Cases, Infrastructure, Technology Integration, Industry Verticals, Region and Countries1. Executive Summary2. Introduction3. Big Data Challenges and Opportunities4. Big Data Technologies and Business Cases5. Key Sectors for Big Data6. Big Data Value Chain7. Big Data Analytics8. Standardization and Regulatory Issues9. Key Big Data Companies and Solutions10. Overall Big Data Market Analysis and Forecasts 2021 - 202611. Big Data Market Segment Analysis and Forecasts 2021 - 202612. Appendix: Big Data Support 0f Streaming IoT DataNext Generation Mobile Payments by Implantable Technology1. Executive Summary2. Introduction3. Mobile Payment Technologies and Solutions4. Mobile Payments Ecosystem5. Regional Mobile Payment Market Analysis and Forecasts 2021 - 20266. Conclusions and RecommendationsAugmented and Mixed Reality Market by Technology, Infrastructure, Devices, Solutions, Apps and Services in Industry Verticals1. Executive Summary2. Introduction3. Augmented Reality Ecosystem4. Augmented and Mixed Reality Market Drivers and Opportunities5. Company Analysis6. Market Analysis and Forecast7. Conclusions and RecommendationsVirtual Reality Market by Segment (Consumer, Enterprise, Industrial, Government), Equipment (Hardware, Software, Components) Applications and Solutions1. Executive Summary2. Virtual Reality Market Segmentation3. Introduction4. Virtual Reality Ecosystem Analysis5. VR Company Analysis6. Virtual Reality Market Analysis and Forecasts 2021 - 2026 For more information about this report visit https://www.researchandmarkets.com/r/8dfbq4 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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