Recent Security Class Actions

Li-Cycle Holdings Corp. Common Shares (NYSE: LICY)

Company Name:Li-Cycle Holdings Corp. Common Shares
Stock Symbol:NYSE: LICY
Class Period Start:01/27/2022
Class Period End (inclusive):11/13/2023
Filing Deadline:01/08/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company’s Rochester Hub was experiencing escalating construction costs; (2) that these “escalating construction costs” exceeded the expected aggregate cost of the project; (3) that, as a result, the Company would be forced to temporarily halt construction and reevaluate the construction strategy for the Rochester Hub; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.