LICY - UBS Downgrades Li-Cycle Holdings (LICY) Amid Investor Lawsuit Stemming From Sudden Rochester Hub Closure - Hagens Berman | Benzinga
SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Li-Cycle Holdings Corp. (NYSE:LICY) investors who suffered substantial losses to submit your losses now.
Class Period: June 14, 2022 – Oct. 23, 2023
Lead Plaintiff Deadline: Jan. 8, 2024
Visit: www.hbsslaw.com/investor-fraud/LICY
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844-916-0895
Li-Cycle Holdings Corp. (NYSE:LICY) Securities Fraud Class Action:
UBS lowered its rating of Li-Cyle Holdings Corp. (LICY) to a Neutral position due to solvency concerns after the company announced it was stopping construction on its Rochester Hub facility. Analyst Jon Windham reportedly believes the firm needs to raise additional capital.
Heightened analyst scrutiny is but one byproduct of the company's Oct. 23, 2023 announcement that it was pausing construction work on its Rochester Hub project. Another development is an investor securities class action lawsuit brought against Li-Cycle and its executives.
The complaint there ...
LICY) Amid Investor Lawsuit Stemming From Sudden Rochester Hub Closure - Hagens Berman>Full story available on Benzinga.com