SAN DIEGO, CA / ACCESSWIRE / May 1, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of LSB Industries, Inc. (LXU).
Investors, who purchased shares of LSB Industries, Inc. (LXU) in November 2014 or earlier and continue to hold any of those NYSE: LXU shares, have also certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
On September 25, 2015, a lawsuit was filed against LSB Industries, Inc. over alleged securities laws violations. The plaintiff alleged that defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that LSB Industries' costs related to the expansion of the El Dorado Facility would be significantly higher than reported, and that, as a result of the foregoing, LSB Industries' statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On February 17, 2016, an amended complaint was filed and on April 1, 2016 the defendants filed their motion to dismiss the case. On March 2, 2017, the court denied the defendants motion to dismiss the case. On March 9, 2017, a second amended complaint was filed and on April 5, 2017 a corrected version of that complaint was filed.
Those who purchased LSB Industries, Inc. (LXU) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
SOURCE: The Shareholders Foundation, Inc.