Investor Notice: Lead Plaintiff Deadline Announced for Li-Cycle Shareholders by The Law Offices of Vincent Wong

The Law Offices of Vincent Wong have issued a reminder to investors in Li-Cycle Holdings Corp. LICY regarding the upcoming deadline for appointment as lead plaintiff in a securities class action lawsuit. The deadline is set for January 8, 2024. This lawsuit is filed on behalf of investors who purchased or otherwise acquired Li-Cycle securities between May 14, 2021, and March 17, 2023. The legal action seeks to recover damages for Li-Cycle investors under federal securities laws.

Details of the Lawsuit and Investor Losses

The complaint alleges that throughout the class period, the defendants made materially false and/or misleading statements, as well as failed to disclose adverse facts about the company's business, operations, and prospects. Specifically, the complaint alleges that the defendants failed to disclose: that the company's commercial agreements were not as solid or lucrative as represented and that as a result of the foregoing, the company's public statements were materially false and misleading at all relevant times.

Important Information for Affected Investors

Investors who have incurred losses on their LICY investments during the specified period and are interested in acting as the lead plaintiff must move the Court no later than January 8, 2024. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The appointment as lead plaintiff is an important role that should not be taken lightly. It is pertinent to note that the class has not yet been certified, and until certification, investors are not represented by counsel unless they retain one.

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