LOS ANGELES, Dec. 04, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Covia Holdings Corporation ("Covia" or the "Company") (OTC: CVIAC) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation focuses on whether Covia issued misleading and/or false statements and/or failed to disclose information pertinent to investors. In a 10-Q Quarterly Report released on May 9, 2019, Covia revealed that it was the subject of an SEC subpoena that was issued on March 18, 2019. The SEC was “seeking information relating to certain value-added proppants marketed and sold by Fairmount Santrol or Covia within the Energy segment.” On November 6, 2019, in a second 10-Q Quarterly Report issued by Covia, it was revealed that the SEC had “requested additional information and subpoenaed certain current and former employees to testify.” Based on the facts revealed by these 10-Q filings, shares of Covia fell.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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