Investor alert: law offices of howard g. smith announces investigation of mp materials corp. (mp) on behalf of investors
Bensalem, pa.--(business wire)--law offices of howard g. smith announces an investigation on behalf of mp materials corp. (“mp materials” or the “company”) (nyse: mp) investors concerning the company’s possible violations of the federal securities laws. on october 26, 2021, grizzly research published a research report titled: "mp materials: rare earth shenanigans in the chamath-backed company will likely cost investors dearly." though the company touts that it is the biggest rare earth producer in the western world, making it the only logical competitor to chinese producers, grizzly research claims that mp materials is nothing more than a "smoke and mirror show." it found that shenghe, a related third party and significant shareholder, accounts for 99% of mp materials' revenue. furthermore, the report traced that entity's ownership back to the chinese government. on this news, the company’s stock price fell $4.62, or 12%, to close at $33.48 per share on october 26, 2021, thereby injuring investors. if you purchased mp materials securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
MP Ratings Summary
MP Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission