SAN DIEGO, May 09, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Vertex Energy, Inc. (NASDAQ: VTNR).
Investors, who purchased Vertex Energy, Inc. (NASDAQ: VTNR) shares prior to April 2022 and continue to hold any of those NASDAQ: VTNR shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On March 03, 2023, a lawsuit was filed on behalf of certain investors in NASDAQ: VTNR shares against Vertex Energy, Inc. over alleged securities laws violations. The plaintiff alleges that, unbeknownst to investors, immediately prior to the closing of the Mobile acquisition, defendants had entered into, or were a party to, a series of transactions that dramatically capped the new plant’s profitability and would, in fact, lead to significant losses immediately following the acquisition, and that these transactions, which in some instances were required pursuant to the financing arrangements Vertex Energy had entered into, resulted in over $125 million in losses between April 1, 2022 and August 8, 2022.
Those who Vertex Energy, Inc. (NASDAQ: VTNR) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
