The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sasol Limited (“Sasol” or “the Company”) (NYSE: SSL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sasol disclosed on January 14, 2020, that on the previous day, it “experienced an explosion and fire at its LCCP low-density polyethylene (LDPE) unit” of its chemicals project located in Lake Charles, Louisiana. According to the Company, “The unit was in the final stages of commissioning and startup when the incident occurred,” and “has been shut down and an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit’s [beneficial operation] schedule.” Based on this news, shares of Sasol fell by nearly 8% over the next two trading sessions.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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