LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors in MP Materials Corp. (“MP” or “the Company”) (NYSE: MP) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. MP is the subject of a report published by Bonitas Research on February 3, 2022. The report alleges that the Company engaged in a price manipulation scheme with a related party. According to the report, the related party “overpaid for MP concentrates in order to artificially inflate MP’s profits. The 2021 schedule conveniently coincided with the expiration of the SPAC insider lockdown so that MP Insiders could sell MP shares at artificially inflated prices. Based on this news, MP shares fell 14% in intraday trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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