Levi & Korsinsky Announces Sasol Class Action Investigation; SSL Lawsuit

Class Action Reports

Levi & Korsinsky Announces Sasol Class Action Investigation; SSL Lawsuit

Levi & Korsinsky, LLP

February 17, 2020

Levi & Korsinsky, LLP announces that a SSL class action lawsuit has been commenced on behalf of investors who purchased Sasol Limited, (SSL) securities between March 10, 2015 and January 13, 2020. For more on the Sasol Class Action please contact us today.

According to the Sasol lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project (“LCCP”), as well as the true cost of the project; (2) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (3) these issues were exacerbated by Sasol’s top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project’s oversight; (4) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company’s financial results; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.

TO LEARN MORE ABOUT THE SSL CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/sasol-limited-loss-form?prid=5448&wire=9

If you suffered a loss in Sasol you have until April 6, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com