Livent Corporation

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Case Summary
Company Name: Livent Corporation
Stock Symbol : NYSE: LTHM
Class Period Start: 10/01/2018
Class Period End: 10/01/2018
Lead Plaintiff motion: 07/22/2019
Date Filed: 05/22/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of Pennsylvania
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 22, 2019 lead plaintiff deadline in a class action lawsuit filed against Livent Corporation (NYSE: LTHM) (“Livent” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Pennsylvania and investors, who purchased Livent Corporation securities pursuant and/or traceable to the Company's October 2018 initial public offering ("IPO"), have until July 22, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Livent Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a supply contract with Nemaska Lithium Inc. had been terminated; Livent would be forced to fulfill its customer contracts using alternative vendors at reduced revenues and lower margins; Livent had a long-standing contract to supply lithium hydroxide to a customer at a much lower price than any of Livent’s existing contracts; Livent’s margins were squeezed due to the customer’s increased orders; and as a result of the foregoing, defendants’ positive statements about Livent’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On May 8, 2019, the Company revealed disappointing financial results for the first quarter of 2019, citing further customer issues.

Following this news, NYSE: LTHM fell $1.70 per share, nearly 16%, to close at $9.03 per share on May 8, 2019.

If you were negatively impacted by your investment in Livent Corporation securities pursuant and/or traceable to the Company's October 2018 initial public offering ("IPO") and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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