Piedmont Lithium Inc. (PLL) is under scrutiny by Pomerantz LLP for potential securities fraud. Investors of Piedmont Lithium are encouraged to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

Investigation Overview

The investigation aims to determine if Piedmont Lithium’s leadership engaged in securities fraud or other unlawful business practices.

Background of the Investigation

On August 12, 2024, Macquarie downgraded Piedmont Lithium to Neutral from Outperform, raising concerns about the company’s financial stability. Challenges include high production costs and low lithium prices affecting its sole cash source.

Impact on Stock Price

Following the downgrade, Piedmont Lithium’s shares plummeted by 11.57%, closing at $7.34 per share on August 12, 2024.

Pomerantz LLP is renowned for its work in corporate, securities, and antitrust class litigation. The firm, with a rich history tracing back over 85 years, continues to champion victims of securities fraud.

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