Sasol Limited Class Action Lawsuit - SSL

Company
Sasol Limited (NYSE: SSL)
Lead Plaintiff Deadline
April 6, 2020 (Expired)
Class Period
March 10, 2015 - January 13, 2020

Expired

Lead Plaintiff Deadline

Apr 6, 2020

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Allegations

(i) 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; (ii) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) 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; (iv) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company’s financial results; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the SSL class action lawsuit, you must have incurred a loss on shares of Sasol Limited purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Sasol Limited during the relevant time frame or pursuant to the relevant offering(s), 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.

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