San Diego, CA -- (SBWIRE) -- 08/30/2022 -- Certain directors of Li-Cycle Holdings Corp. are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Li-Cycle Holdings Corp. (NYSE: LICY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: LICY stocks follows a lawsuit filed against Li-Cycle Holdings Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LICY stocks, concerns whether certain Li-Cycle directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that Li-Cycle's largest customer, Traxys North America LLC, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle's product to end customers, that the Company engaged in highly questionable related party transactions, that the Company's mark-to-model accounting is vulnerable to abuse and gave a false impression of growth, that a significant portion of the Company's reported revenues were derived from simply marking up receivables on products that had not been sold, that the Company's gross margins have likely been negative since inception, that the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger), and that as a result, defendants' public statements were materially false and/or misleading at all relevant times

Those who purchased shares of Li-Cycle Holdings Corp. (NYSE: LICY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.