Nouveau Monde Graphite Inc. press release

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of MP, ERIC and VRT

2022-04-20

TSX - Toronto Stock Exchange · Graphite · Canada

NEW YORK, NY / ACCESSWIRE / April 20, 2022 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (NYSE:MP)

Investors Affected : May 1, 2020 - February 2, 2022

A class action has commenced on behalf of certain shareholders in MP Materials Corp f/k/a Fortress Value Acquisition Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Fortress Value Acquisition Corp. ("FVAC") had overstated its due diligence efforts and expertise with respect to identifying target companies to acquire; (ii) FVAC performed inadequate due diligence into Legacy MP Materials prior to the business combination, or else ignored significant red flags regarding, inter alia, Legacy MP Materials' management, compliance policies, and Mountain Pass's profitability; (iii) as a result, the Company's future business and financial prospects post-business combination were overstated; (iv) MP Materials engaged in an abusive transfer price manipulation scheme with a related party in the People's Republic of China to artificially inflate the Company's profits; (v) MP Materials' ore at the Mountain Pass Rare Earth Mine and Processing Facility was not economically viable to harvest for rare earth metals; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/mp-materials-corp-f-k-a-fortress-value-acquisition-corp-loss-submission-form/?id=26157&from=1

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Investors Affected : April 27, 2017 - February 25, 2022

A class action has commenced on behalf of certain shareholders in Telefonaktiebolaget LM Ericsson. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company's revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/telefonaktiebolaget-lm-ericsson-loss-submission-form/?id=26157&from=1

Vertiv Holdings Co (NYSE:VRT)

Investors Affected : April 28, 2021 - February 23, 2022

A class action has commenced on behalf of certain shareholders in Vertiv Holdings Co. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/vertiv-holdings-co-loss-submission-form/?id=26157&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (212) 537-9430 Fax: (833) 862-7770

SOURCE : The Gross Law Firm

View source version on accesswire.com: https://www.accesswire.com/698158/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-MP-ERIC-and-VRT