Thieler Law Corp advises investors with losses exceeding $100,000 of the April 6, 2020 lead plaintiff deadline in a class action lawsuit filed against Sasol Limited (NYSE: SSL) (“Sasol Limited” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Sasol Limited securities between March 10, 2015 and January 13, 2020, have until April 6, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Sasol Limited 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 Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project (“LCCP”), as well as the true cost of the project; construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; these issues were exacerbated by Sasol’s top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project’s oversight; all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company’s financial results; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On October 28, 2019, Sasol disclosed that there were "errors, omissions, and inaccuracies in the [LCCP] cost estimate" and that the highest level of management had engaged in a number of unethical and improper reporting activities. Sasol also announced the resignation of, inter alia, its Joint Presidents and Chief Executive Officers ("CEOs") and Senior Vice Presidents and others previously in charge of the LCCP.

Following this news, NYSE: SSL fell thereby injuring investors.

If you were negatively impacted by your investment in Sasol Limited securities between March 10, 2015 and January 13, 2020 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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