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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of TLIS, SLI and MP

2022-02-23

NYSE - New York Stock Exchange · Uranium · Vanadium · Rare Earth Elements · Titanium · Zirconium · United States

NEW YORK, NY / ACCESSWIRE / February 23, 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.

Talis Biomedical Corporation (NASDAQ:TLIS) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Talis common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's February 2021 initial public offering. A class action has commenced on behalf of certain shareholders in Talis Biomedical Corporation. According to the lawsuit, documents that the Company issued in connection with its IPO failed to disclose to investors: (1) that the comparator assay in the primary study lacked sufficient sensitivity to support Talis's Emergency Use Authorization application for Talis One COVID-19 test; (2) that, as a result, Talis was reasonably likely to experience delays in obtaining regulatory approval for the Talis One COVID-19 test; (3) that, as a result, the Company's commercialization timeline would be significantly delayed; 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. Shareholders may find more information at https://securitiesclasslaw.com/securities/talis-biomedical-corporation-loss-submission-form/?id=23987&from=1

Standard Lithium Ltd. (NYSE:SLI) Investors Affected: May 19, 2020 - November 17, 2021 A class action has commenced on behalf of certain shareholders in Standard Lithium Ltd. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the LiSTR Direct Lithium Extraction technology's extraction recovery efficiencies were overstated; (ii) accordingly, the Company's final product lithium recovery percentage at the Demonstration Plant would not be as high as the Company had represented to investors; and (iii) 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/standard-lithium-ltd-loss-submission-form/?id=23987&from=1

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=23987&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

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