Levi & Korsinsky announces the filing of a class action in the United States District Court for the Southern District of New York on behalf of shareholders of LSB Industries, Inc. (NYSE: LXU) who purchased shares between May 8, 2015 and August 7, 2015.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s costs related to the expansion of the El Dorado Facility would be significantly higher than reported; and (2) that as a result of the foregoing, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On August 7, 2015, the Company revealed that it intended to implement certain recommendations after the Strategic Committee of the LSB Industries Board of Directors reviewed the Company’s business strategy, corporate governance structure, related party transactions and other governance practices of the Company. Then on September 3, 2015, the Company announced that President and CEO Barry H. Golsen had resigned. If you suffered a loss in LSB Industries you have until November 24, 2015 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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