NEW YORK,
July 7,
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=41790&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
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content:https://www.prnewswire.com/news-releases/atlx-shareholder-alert-jakubowitz-law-reminds-atlas-lithium-shareholders-of-a-lead-plaintiff-deadline-of-august-1-2023-301871686.html
SOURCE Jakubowitz Law