A lawsuit was filed on behalf of investors in Ferroglobe PLC (NASDAQ: GSM) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 02/07/2019 -- An investor, who purchased shares of Ferroglobe PLC (NASDAQ: GSM), filed a lawsuit over alleged violations of Federal Securities Laws by Ferroglobe PLC.
Investors who purchased shares of Ferroglobe PLC (NASDAQ: GSM) have certain options and for certain investors are short and strict deadlines running. Deadline: March 25, 2019. NASDAQ: GSM investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
London based Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. On November 26, 2018, the Company reported a net loss of $2.9 million for the third quarter 2018, compared to a net profit of $66.0 million the prior quarter.
The plaintiff claims that between August 21, 2018 and November 26, 2018, the defendants failed to disclose to investors that there was excess supply of the Company's products, that demand for the Company's products was declining, that, as a result, the pricing of the Company's products would be materially impacted, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Ferroglobe PLC (NASDAQ: GSM) have certain options and should contact the Shareholders Foundation.
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