DEADLINE ALERT for LICY, BKKT, IIPR and NTRA: Law Firm of Frank R. Cruz Reminds… | New

LOS ANGELES, June 06, 2022 (GLOBE NEWSWIRE) — The Law Firms of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.

Investors experiencing losses on their investments are encouraged to contact the law offices of Frank R. Cruz to discuss their legal rights in these class action lawsuits at 310-914-5007 or by email at fcruz@frankcruzlaw.com.

Li-Cycle Holdings Corp. (NYSE: LICY )

Course period: February 16, 2021 – March 23, 2022

Lead Applicant Deadline: June 20, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, defendants failed to disclose to investors that: (1) Li-Cycles’ largest customer, Traxys North America LLC, is not actually a customer, but merely a broker providing working capital to the company while Traxys tries to sell the Li-Cycles product to end customers; (2) the Company has engaged in transactions with highly questionable related parties; (3) the Company’s mark-to-model accounting is vulnerable to abuse and gives a false impression of growth; (4) a significant portion of the Company’s reported revenue was derived simply from gross up receivables on products that had not been sold; (5) the gross margins of the Company have probably been negative since its inception; (6) the Company will need an additional $1 billion in funding to support its expected growth (which is more than the Company raised through the merger); and (7) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Bakkt Holdings, Inc. (NYSE: BKKT )

Course period: March 31, 2021 – November 19, 2021

Lead Applicant Deadline: June 20, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the Offering Documents and the Defendants made false and/or misleading statements and/or failed to disclose that: (1) the company had flawed financial controls; (2) as a result, there have been errors in the Company’s financial statements relating to the misclassification of certain shares issued prior to the Business Combination; (3) as a result, the Company should restate some of its financial statements; (4) the Company has minimized the true extent and severity of these issues; (5) the Company overstated its correction of its faulty financial controls; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Innovative Industrial Properties, Inc. (NYSE: IIRP )

Course period: May 7, 2020 – April 13, 2022

Lead Applicant Deadline: June 24, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors: (1) that the company’s purpose is to be a cannabis company lender rather than a real estate investment trust; (2) that the actual values ​​of the Company’s properties are significantly lower than those represented by the innovative industrial properties; (3) the existential problems of its main clients; (4) that as a result, its main customers may not be able to continue to make payments to the Company, which would face significant problems in replacing these customers; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Natera, Inc. (NASDAQ: NTRA )

Course period: February 26, 2020 – April 19, 2022

Lead Applicant Deadline: June 27, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors that: (1) Panorama was unreliable and had high false positive rates; (2) Prospera did not have superior accuracy compared to competitive tests; (3) as a result of defendants’ false and misleading claims regarding Natera’s technology, the company was exposed to significant legal and regulatory risks; (4) Natera relied on deceptive sales and billing practices to drive revenue growth; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

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To be a member of these class actions, you do not have to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions regarding this announcement or your rights or interests in these matters, please contact Frank R. Cruz, The Law Offices of Frank R. Cruz , 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by e-mail at info@frankcruzlaw.comor visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com