SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Li-Cycle Holdings Corp.

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NEW YORK, May perhaps 23, 2022 /PRNewswire/ — Pomerantz LLP is investigating statements on behalf of investors of Li-Cycle Holdings Corp. (“Li-Cycle” or the “Firm”) (NYSE: LICY). This kind of traders are advised to get in touch with Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation issues whether or not Li-Cycle and specified of its officers and/or administrators have engaged in securities fraud or other illegal organization tactics. 

[Click here for information about joining the class action] 

On March 24, 2022, Blue Orca Cash published a report (the “Report”) characterizing the Company as “a around lethal combination of inventory promotion, laughable governance, a damaged business hemorrhaging money, and highly questionable Enron-like accounting.” According to the Report, “Li-Cycle acknowledges revenues using an Enron-like mark-to-design accounting gimmick.

Li-Cycle acknowledges revenues months prior to the actual revenue of its recycled black mass, primarily based on its own provisional estimate of the foreseeable future price of the products. This accounting treatment is plainly vulnerable to abuse, offering Li-Cycle discretion over its noted revenues. We suspect that beneath this framework, LiCycle marks up the price of its receivables on unsold merchandise and operates the gains by its revenue line.”

On this information, Li-Cycle’s inventory selling price fell $.47 cents per share, or 5.60% to close at $7.93 for each share on March 24, 2022.

Pomerantz LLP, with workplaces in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as a person of the premier firms in the places of company, securities, and antitrust course litigation. Started by the late Abraham L. Pomerantz, recognised as the dean of the course motion bar, Pomerantz pioneered the discipline of securities class actions. Nowadays, much more than 85 several years later, Pomerantz proceeds in the tradition he set up, battling for the rights of the victims of securities fraud, breaches of fiduciary obligation, and corporate misconduct. The Organization has recovered several multimillion-greenback damages awards on behalf of class users. See www.pomlaw.com.

Contact:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

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