LEAD PLAINTIFF DEADLINE IS FEBRUARY 8, 2021
NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of Ohio on behalf of shareholders who purchased Covia Holdings Corporation f/k/a Fairmount Santrol Holdings Inc. ("Covia") (OTC: CVIAQ) (NYSE: CVIA) (NYSE: FMSA) between March 15, 2016 to June 29, 2020, inclusive (the "Class Period").
If you have incurred losses in the shares of Covia Holdings Corporation., you may, no later than February 8, 2021, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Covia Holdings Corporation.
According to the filed complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Covia's proprietary "value-added" proppants were not necessarily more effective than ordinary sand;
- Covia's revenues, which were dependent on its proprietary "value-added" proppants, was based on misrepresentations;
- when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and
- as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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New York, New York, UNITED STATES
