SAN FRANCISCO, March 26, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges investors in Sasol American Depository Receipts (NYSE: SSL) to submit their losses now. A court-ordered deadline in a securities fraud suit against Sasol is fast approaching.
Class Period: Mar. 10, 2015 – Jan. 13, 2020
Lead Plaintiff Deadline: Apr. 6, 2020
Sign Up: www.hbsslaw.com/investor-fraud/SSL
Contact An Attorney Now: [email protected]
Sasol Limited (SSL) Securities Class Action:
The Complaint alleges Defendants misrepresented and failed to disclose that: (1) Sasol failed to account for multiple issues with Sasol’s Lake Charles chemical plant (“LCCP”); (2) LCCP’s construction and operation were plagued by control weaknesses, delays, rising costs, and technical issues; and (3) Sasol’s top-level management engaged in unethical behavior concerning financial reporting for, and oversight of, the LCCP.
When the truth was learned through a series of disclosures, the price of Sasol ADRs declined sharply.
“We’re focused on investors’ losses and proving Sasol misled investors about the LCCP,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you purchased Sasol ADRs on a U.S.-based exchange (i.e., NYSE) between Mar. 10, 2015 and Jan. 13, 2020, click here to discuss your legal rights with Hagens Berman. Significantly, investors need not reside in the U.S. to be eligible to serve as lead plaintiff. However, investors must have purchased Sasol ADRs on the New York Stock Exchange to assert claims under the U.S. securities laws.
Whistleblowers: Persons with non-public information regarding Sasol should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 844-916-0895
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