Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Aqua Metals (NASDAQ:AQMS) in connection to alleged violations of securities laws by AQMS. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made in Aqua Metals from February 9, 2017 to November 9, 2017.
The class action complaint specifically alleges that during the period in question, AQMS might have provided false and/or misleading material information, and/or failed to disclose adverse material information, namely: that the company had been boasting of the value of two partnerships, Interstate Battery and JCI; that the company knew there were unaddressed flaws in its AquaRefine technology and related processes, impeding development, and ignored these; that AQMS was suffering issues in both execution and operations that were impeding efforts to scale and increase production; and that consequently the company could not produce the product and create revenue from its main business, causing the company to stay unprofitable. The complaint alleges that when true facts came to light, investors suffered losses.
According to the the company’s website, Aqua Metals creates technology to “transform the Lead Acid Battery recycling industry.” The company’s AquaRefining technology “is cleaner, more cost effective and energy efficient, and produces ultra-pure lead,” according to the description. The company trades on the Nasdaq stock exchange under the symbol AQMS.
A class action lawsuit has already been filed in connection with Aqua Metals. If you wish to serve as lead plaintiff in the AQMS lawsuit, you must move the Court no later than February 13, 2018. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.