Investors Sue Li-Cycle Holdings (LICY) For Misrepresenting True Cost of Rochester Hub- Hagens Berman

Hagens Berman, National Trial Attorneys, Encourages LICY Investors Who Suffered Substantial Losses to Contact Firm’s Attorneys, Securities Fraud Class Action Filed

SAN FRANCISCO - Hagens Berman urges Li-Cycle Holdings Corp. (NYSE: LICY) investors who suffered substantial losses to submit your losses now.  

Class Period: June 14, 2022 – Oct. 23, 2023

Lead Plaintiff Deadline: Jan. 8, 2024


Contact An Attorney Now:, 844-916-0895

Li-Cycle Holdings Corp. (NYSE: LICY) Securities Fraud Class Action:

The litigation focuses on Li-Cycle’s assurances concerning its development of the first commercial hydrometallurgical resource recovery facility in North America (the “Rochester Hub”).

More specifically, during the Class Period, Li-Cycle has repeatedly said the Rochester Hub was “on track” for both project budget and schedule to commence commissioning in late 2023.

The complaint alleges that Li-Cycle mispresented and concealed that: (1) the Rochester Hub was experiencing escalating construction costs; (2) these escalating costs exceeded the expected aggregate cost of the project; and (3) as a result, the company would be forced to temporarily halt construction and reevaluate the Rochester Hub construction strategy.

Investors learned the truth on Oct. 23, 2023, when Li-Cycle announced that it would halt construction at the Rochester Hub pending a comprehensive review of the project, including construction strategy, even though “engineering and procurement for the project are largely complete.” The company blamed the decision on “escalating construction costs” and said it “expects the aggregate cost for the current scope of the project to exceed its previously disclosed guidance.”

This news drove the price of Li-Cycle shares down $1.04, or about 45%, on Oct. 23, 2023.

“We’re focused on investors’ losses and are investigating whether Li-Cycle intentionally misled investors about the Hub being on track with budget and schedule,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Li-Cycle Holdings and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Li-Cycle case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Li-Cycle Holdings should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email

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