NEW
YORK, June 30, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Atlas Lithium
Corporation (NASDAQ: ATLX).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/atlas-lithium-class-action-loss-submission-form/?id=41532&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Atlas Lithium between March 25,
2022 and May 3, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 1, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Atlas Lithium Corporation issued
materially false and/or misleading statements and/or failed to
disclose that: (i) the Company overstated the success of its
lithium mining and misrepresented the nature of its Brazilian
mineral rights; (ii) in connection with these misrepresentations,
Atlas Lithium conducted deceptive promotions to artificially
inflate the value of the Company's stock; (iii) the foregoing
conduct was designed to allow CEO Fogassa and other Company
insiders to sell shares back into the market for a profit before
the true nature of Atlas Lithium's business was revealed; and (iv)
as a result, defendants' public statements were materially false
and/or misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/atlx-shareholder-alert-jakubowitz-law-reminds-atlas-lithium-shareholders-of-a-lead-plaintiff-deadline-of-august-1-2023-301867148.html
SOURCE Jakubowitz Law