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EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Loop Industries, Inc.

Newsfile Corp.
·1 min read

New York, New York--(Newsfile Corp. - October 13, 2020) - Levi & Korsinsky notifies investors that it has commenced an investigation of Loop Industries, Inc. ("Loop" or "the Company") (NASDAQ: LOOP) concerning possible violations of federal securities laws.



On October 13, 2020, Hindenburg research released a report alleging that, among other things, Loop Industries, Inc.: (i) was forcing its employees to lie about the results about the company's recycling process; (ii) made misleading claims about its ability to break plastic down to its base at a recovery rate of 100%; (iii) was underestimating both costs and complexities of its recycling process; and (iv) would not generate meaningful revenue.

Following the publication of the report, shares of Loop dropped over 32% in intraday trading.

To obtain additional information, go to:

https://www.zlk.com/pslra-1/loop-industries-inc-loss-submission-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65854