Levi & Korsinsky, LLP announces that an MMAT class action lawsuit has been filed on behalf of investors who purchased Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) securities between September 21, 2020, and December 14, 2021. For more on the MMAT Lawsuit please contact us today.
According to the Meta Materials lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the business combination would result in a U.S. Securities and Exchange Commission investigation and subpoena in the matter captioned In the matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
If you suffered a loss in Meta Materials you have until March 4, 2022, 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171