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Loop Industries, Inc.


Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Loop Industries, Inc. ("Loop") on behalf of stockholders.  A complaint has been filed against Loop, which alleges that  defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about Loop's business, operations, and prospects. Specifically, defendants allegedly failed to disclose to investors that: (i) Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (ii) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (iii) thus, Loop was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (iv) accordingly, defendants’ positive statements about Loop's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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Date of signing: 05/25/2024

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