SAN DIEGO, CA / ACCESSWIRE / September 17, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Aqua Metals Inc (NASDAQ:AQMS) shares.
Investors, who purchased shares of Aqua Metals Inc (NASDAQ:AQMS) in April 2016 or earlier and continue to hold NASDAQ:AQMS shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On December 15, 2017, a lawsuit was filed against Aqua Metals Inc over alleged violations of Federal Securities Laws. The plaintiff alleges that the defendants failed to disclose that Aqua Metals’ breaking and separating process was facing substantial obstacles due to AquaRefining’s need for a much higher degree of separation than is normal in the industry, that the Company’s breaking and separating process was not operating reliably or efficiently, that the breaking and separating obstacles and issues were negatively impacting the Company’s output, that the Company’s four “operating modules” were being used primarily for experimentation, rather than production, that module operators were assisting with lead removal, that, as a result of the foregoing, the ramp up of the Company’s recycling process was being significantly hindered and delayed, and that, as a result of the foregoing, Defendants’ statements about Aqua Metals’ business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis. On September July 20, 2018, a consolidated complaint was filed and on September 18, 2018, the defendants filed their motion to dismiss the case. On August 14, 2019, the court issued an order granting in part and denying in part defendants' Motion to Dismiss.
Those who purchased Aqua Metals Inc (NASDAQ:AQMS) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.