Vertex Energy, Inc. (VTNR)
Class Action & Lead Plaintiff Deadline: May 2, 2023
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Vertex Energy, Inc. (“Vertex” or “the Company”) (NYSE: VTNR) and certain of its officers, on behalf of all persons and entities that purchased or otherwise acquired Vertex securities between April 1, 2022 and August 8, 2022, (the “Class Period”). Such investors are encouraged to join this case.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The Complaint alleges that immediately prior to the closing of the Mobile acquisition, defendants had entered into, or were a party to, a series of transactions that dramatically capped the new plant's profitability and would, in fact, lead to significant losses immediately following the acquisition. The complaint continues to allege that these transactions, which in some instances were required pursuant to the financing arrangements Vertex Energy had entered into, resulted in over $125 million in losses during the Class Period.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Vertex, you have until May 2, 2023, 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.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.