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Class Action Cases

A class action has been filed on behalf of LOOP Investors. Click "Join this Class Action" above.

Attorneys

Loop Industries, Inc.

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Zhang Investor Law announces  a class action lawsuit on behalf of shareholders who bought shares of Loop Industries, Inc. (NASDAQ: LOOP) from September 24, 2018 through October 12, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Loop Industries, Inc. investors under the federal securities laws.

If you bought Loop Industries, Inc. securities between September 24, 2018 through October 12, 2020, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces  a Securities Class Action Lawsuit Against Loop Industries, Inc. – LOOP

New York, N.Y., November 6, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Loop Industries, Inc. (NASDAQ: LOOP) between September 24, 2018 and October 12, 2020, inclusive (the “Class Period”).

To join the LOOP class action, go to http://zhanginvestorlaw.com/cases/loop-industries-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

According to the lawsuit,  throughout the Class Period (1) Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/loop-industries-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.