Bragar Eagel & Squire, P.C. Investigates Li-Cycle Corp. on Behalf of Shareholders

On November 8, 2023, Bragar Eagel & Squire, P.C., a law firm recognized for championing shareholder rights, initiated an investigation into potential legal claims against Li-Cycle Corp. LICY. This action is driven by concerns over whether the company may have breached securities laws or engaged in other unlawful activities, to the detriment of its shareholders.

Emerging Concerns for Li-Cycle Shareholders

The investigation by Bragar Eagel & Squire follows an announcement from Li-Cycle on October 23, 2023, which revealed a pause in construction efforts on its Rochester Hub project. This suspension is to allow for a strategic review, as the company grapples with increasing construction costs despite nearing the end of engineering and procurement stages. The primary focus of the pause affects on-site construction work.

The immediate aftermath of this disclosure saw Li-Cycle's share price tumble dramatically. Shares dropped from $2.27 to $1.23, a sharp decrease of $1.04 or roughly 45.81%, in a single day, reflecting investor concerns over the potential impact of these challenges on the company's future performance.

Legal Support for Investors

Investors who have acquired shares in Li-Cycle LICY and endured financial losses, particularly long-term shareholders, are encouraged to reach out to Bragar Eagel & Squire. The firm offers guidance on these claims and addresses investor queries regarding the announcement and associated shareholder rights and interests. There is no financial obligation for contacting the firm for these matters.

Bragar Eagel & Squire, P.C. advocates on behalf of individual and institutional investors in varied litigation including securities, commercial, and derivative cases within state and federal courts nationwide. Their reputation stems from a history of representing shareholders' interests and working toward significant legal outcomes.

Investigation, Li-Cycle, Shareholders