Klein Law Firm Announces Deadline for Lead Plaintiff of April 25, 2022 in Class Action Lawsuit Filed on Behalf of MP Materials Corp. f/k/a Fortress Value Acquisition Corp.

NEW YORK, March 29, 2022 /PRNewswire/ — The law firm Klein announces that a class action lawsuit has been filed on behalf of shareholders of MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (NYSE: MP) alleging that the company violated federal securities laws.

Class period: May 1, 2020 for February 2, 2022
Lead Applicant Deadline: April 25, 2022
No obligation or cost to you.

Learn more about your recoverable losses in MP:

MP Materials Corp. f/k/a Fortress Value Acquisition Corp. NEWS – MP NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that MP Materials Corp. f/k/a Fortress Value Acquisition Corp. has made materially false and/or misleading statements and/or failed to disclose that: (i) Fortress Value Acquisition Corp. (“FVAC”) had overstated its due diligence efforts and expertise in identifying target companies for acquisition; (ii) FVAC performed inadequate due diligence on Legacy MP Materials prior to the business combination, or ignored important red flags regarding, among other things, Legacy MP Materials’ management, compliance policies and profitability of Mountain Pass; (iii) as a result, the Company’s future business and financial prospects after the business combination were overstated; (iv) MP Materials engaged in an abusive transfer pricing scheme with a related party in the People’s Republic of China to artificially inflate the profits of the Company; (v) MP Materials ore at the Mountain Pass rare earth mine and processing facility was not economically viable to harvest for rare earth metals; and (vi) as a result, the Company’s public statements were materially false and misleading at all material times.

WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss of MP material, you have until April 25, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.

AT NO CHARGE TO YOU: If you purchased MP Materials securities during the relevant period, you may be entitled to compensation without payment of any disbursements.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the MP trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/mp-materials-corp-fka-fortress-value-acquisition-corp-loss-submission-form? id=25218&de=4.

J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th floor
New York, NY 10118
[email protected]
Telephone: (212) 616-4899

SOURCE Klein Law Firm

Denise W. Whigham