(SLI) Alert: Did You Lose Money on Your Standard Lithium Ltd. Investment? Contact Johnson Fistel Regarding Investigation
SAN DIEGO, Nov. 18, 2021 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Standard Lithium Ltd. (“Standard Lithium”) (NYSE: SLI) and its officers and directors for violations of federal securities laws.
On November 18, 2021, Blue Orca Capital issued a short report on Standard Lithium alleging multiple claims. Most notably, the report states, “Standard Lithium has repeatedly claimed that its DLE technology will achieve 90% recovery rates at its Demonstration Plant, built on the LANXESS AG (“LANXESS”) (FRA: LXS) bromine facility in Southern Arkansas. Yet undisclosed to investors, production data submitted by Standard Lithium to the Arkansas Oil & Gas Commission (the “AOGC”) appears to show that the Demonstration Plant, which has been operating for 18 months, is barely achieving a fraction of this projected recovery rate.”
Following this news, Standard Lithium stock was trading down 10% in early morning trading on November 18, 2021.
If you purchased Standard Lithium, have information that could assist in this investigation (including past employees and others), or if you are interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
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