An investigation on behalf of current long term investors in MP Materials Corp. (NYSE:MP) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:MP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/09/2022 -- An investigation on behalf of current long-term investors in shares of MP Materials Corp. (NYSE: MP) concerning potential breaches of fiduciary duties by certain directors and officers of MP Materials Corp. was announced.
Investors who are current long term investors in MP Materials Corp. (NYSE: MP) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: MP stocks follows a lawsuit filed against MP Materials Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MP stocks, concerns whether certain MP Materials directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of Nevada the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that, Fortress Value Acquisition Corp had overstated its due diligence efforts and expertise with respect to identifying target companies to acquire, that Fortress Value Acquisition Corp performed inadequate due diligence into Legacy MP Materials prior to the Business Combination, or else ignored significant red flags regarding, inter alia, Legacy MP Materials' management, compliance policies, and Mountain Pass's profitability, that as a result, the Company's future business and financial prospects post-Business Combination were overstated, that MP Materials engaged in an abusive transfer price manipulation scheme with a related party in the People's Republic of China ("China") to artificially inflate the Company's profits, that MP Materials' ore at Mountain Pass was not economically viable to harvest for rare earth metals, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of MP Materials Corp. (NYSE: MP; FVAC; FVAC WS; FVAC.U) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.