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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 6, 2020 to file lead plaintiff applications in a securities class action lawsuit against Sasol Limited (NYSE: SSL).
Sasol and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 14, 2020, following a series of other negative disclosures during the class period, the Company confirmed that on January 13, 2020, the Company “experienced an explosion and fire at its LCCP low-density polyethylene (LDPE) unit” and that “an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit’s [beneficial operation] schedule.”
On this news, the price of Sasol’s shares fell, injuring shareholders.
If you purchased securities of Sasol and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Moshell v. Sasol Limited, et al, 20cv1008.
Click here to read the first filed complaint.