LICY Investors Have Opportunity to Lead Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. Securities Fraud Lawsuit

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LOS ANGELES, June 1, 2022 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that buyers with sizeable losses have possibility to guide the securities fraud class motion lawsuit from Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (“Li-Cycle” or the “Organization”) (NYSE: LICY).

Course Period: February 16, 2021March 23, 2022
Direct Plaintiff Deadline: June 20, 2022

If you are a shareholder who endured a decline, click on in this article to take part.

The criticism filed alleges that, all through the Course Time period, Defendants unsuccessful to disclose to investors that: (1) Li-Cycles most significant buyer, Traxys North America LLC, is not in fact a consumer, but just a broker providing functioning funds money to the Organization while Traxys tries to promote Li-Cycles product or service to conclude consumers (2) the Corporation engaged in remarkably questionable similar celebration transactions (3) the Firm’s mark-to-model accounting is vulnerable to abuse and gave a phony effect of growth (4) a significant portion of the Firm’s claimed revenues were being derived from merely marking up receivables on solutions that experienced not been marketed (5) the Firm’s gross margins have possible been unfavorable given that inception (6) the Firm will need an additional $1 billion of funding to assist its planned growth (which is a figure bigger than the Company raised by way of the merger) and (7) as a final result, Defendants’ positive statements about the Company’s company, operations, and potential customers ended up materially deceptive and/or lacked a sensible foundation at all applicable situations.

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To be a member of the class action you need to have not get any motion at this time you may perhaps retain counsel of your preference or just take no motion and stay an absent member of the course action.  If you would like to learn more about this course motion, or if you have any issues about this announcement or your rights or interests with respect to the pending class action lawsuit, you should call Frank R. Cruz, of The Regulation Workplaces of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or check out our web site at www.frankcruzlaw.com.  If you inquire by electronic mail be sure to contain your mailing address, telephone variety, and variety of shares obtained.

This push release may perhaps be deemed Attorney Marketing in some jurisdictions below the applicable legislation and moral procedures.

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Resource The Regulation Offices of Frank R. Cruz, Los Angeles



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