Philadelphia, Pennsylvania--(Newsfile Corp. - August 3, 2021) - Berger Montague is investigating securities fraud claims against Piedmont Lithium Inc. ("Piedmont" or the "Company") on behalf of investors who purchased Piedmont securities (NASDAQ: PLL) between March 16, 2018 and July 19, 2021 (the "Class Period").
If you purchased Piedmont securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague's investigation, please contact attorneys Andrew Abramowitz at firstname.lastname@example.org or (215) 875-3015, or Michael Dell'Angelo at email@example.com or (215) 875-3080, or visit www.bergermontague.com/piedmont.
According to a recently filed lawsuit, Piedmont misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina. Specifically, Defendants failed to disclose that Piedmont: (1) had not secured all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."
On July 20, 2021, investors began to learn the truth when Reuters published a report indicating that Piedmont had not even applied for the necessary mining permit or zoning variances, and that five of the seven members of the Gaston County's board of commissioners were likely to block or delay the project because, among other things, Piedmont had not informed them of the environmental impact of the project. On this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, injuring investors.
Whistleblowers: Anyone with non-public information regarding Piedmont is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Andrew Abramowitz, Senior Counsel
Michael Dell'Angelo, Managing Shareholder
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