NEW YORK, April 15, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of MP Materials Corp. f/k/a Fortress Value Acquisition Corp. deputy FVAC, FVAC WS, FVAC.U))) between May 1, 2020 and February 2, 2022inclusive (the “Class Period”), the substantial April 25, 2022 lead applicant deadline.
SO WHAT: If you purchased securities of MP Materials during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the MP Materials class action, go to https://rosenlegal.com/submit-form/?case_id=3113 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than April 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Fortress Value Acquisition Corp. (“FVAC”) had overstated its due diligence efforts and expertise in identifying businesses to be acquired; (2) FVAC performed inadequate due diligence on the former MP Materials prior to the business combination, or ignored important red flags regarding, among other things, the management of the former MP Materials , compliance policies and profitability of the Mountain Pass rare earth mine and processing facility (“Mountain Pass Pass”); (3) as a result, the Company’s future business and financial prospects after the business combination have been overstated; (4) MP Materials engaged in an abusive transfer pricing manipulation scheme with a related party by the People’s Republic of China to artificially inflate the profits of the Company; (5) ore from MP Materials at Mountain Pass was not economically viable to harvest for rare earth metals; and (6) as a result, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the MP Materials class action, go to https://rosenlegal.com/submit-form/?case_id=3113 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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