TRADING ALERT: Rosen Law Firm Reminds LSB Industries, Inc. Investors of Important Deadline in Class Action - LXU
11 Noviembre 2015 - 5:54PM
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of LSB Industries, Inc. (NYSE:LXU) securities during the
period from May 8, 2015 through August 7, 2015, inclusive (the
“Class Period”) of the important November 24, 2015 lead plaintiff
deadline in the class action. The lawsuit seeks to recover damages
for LSB Industries investors under the federal securities laws.
To join the LSB Industries class action, go to the
firm’s website at http://www.rosenlegal.com/cases-720.html or call
Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
email pkim@rosenlegal.com or kchan@rosenlegal.com for information
on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, Defendants made false
and/or misleading statements and/or failed to disclose that: (1)
LSB Industries costs related to the expansion of the El Dorado
Facility would be significantly higher than reported; and, (2) as a
result, LSB Industries’ statements about its business, operations,
and prospects, were false and misleading and/or lacked a reasonable
basis. On August 7, 2015, LSB Industries announced its intent to
implement certain recommendations by the Strategic Committee of the
LSB Industries Board of Directors and that the total cost to
complete the El Dorado Facility expansion would now be in the range
of $660 million to $680, significantly higher that its previous
estimates of $495 million to $520 million on May 8, 2015. On this
news, shares of LSB Industries declined $12.09 per share or over
34% to close at $23.01 per share on August 7, 2015, on heavy
volume.
A class action lawsuit has already been filed. If
you wish to serve as lead plaintiff, you must move the Court no
later than November 24, 2015. 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 the firm’s
website at http://rosenlegal.com/cases-720.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Attorney
Advertising. Prior results do not guarantee a similar
outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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