{"id":9436,"date":"2020-10-15T16:32:23","date_gmt":"2020-10-15T20:32:23","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9436"},"modified":"2020-10-15T16:32:23","modified_gmt":"2020-10-15T20:32:23","slug":"do-you-have-investment-losses-with-loop-industries","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/","title":{"rendered":"Do You Have Investment Losses With LOOP Industries?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9437 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop.jpg\" alt=\"It\u2019s happened again\u2014a startup company that touted revolutionary changes to an industry is being accused of fraud. After Elizabeth Holmes and her blood-testing company, Theranos, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations.\u00a0 Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary technology.\u201d Now, Loop has been outed by a report from Hindenburg Research that reports more than what\u2019s been told. Hindenburg culled information from various sources, including industrial experts, company partners, competitors, company documents, as well as former employees of the company. They also submitted their findings to regulators. After the Hindenburg report\u2019s release, shares of the company have dropped nearly 40%. Silver Law Group is a securities fraud law firm that represents investors in class action lawsuits. This blog may be considered advertising. Solving A Recycling Problem Although plastic recycling is more widespread than ever before, the practice isn\u2019t without faults. Not every type of plastic is recyclable, and some are more difficult than others. PET, or polyethylene terephthalate, is the plastic that\u2019s ubiquitous in bottled water, as well as packaging for foods and other beverages. Just last month, the company released 1,880,000 shares of its common stock at a price to the public of $12.75 per share. Roth Capital Partners was acting as the sole manager for the offering.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>It\u2019s happened again\u2014a startup company that touted revolutionary changes to an industry is being accused of fraud.<\/p>\n<p>After <a href=\"https:\/\/www.nytimes.com\/2018\/06\/15\/health\/theranos-elizabeth-holmes-fraud.html\" target=\"_blank\">Elizabeth Holmes and her blood-testing company, Theranos<\/a>, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations. Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have<em> \u201crevolutionary technology.\u201d <\/em>Now, Loop has been outed by a report from <a href=\"https:\/\/hindenburgresearch.com\/\" target=\"_blank\">Hindenburg Research<\/a> that reports more than what\u2019s been told. <a href=\"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/#more-9436\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s happened again\u2014a startup company that touted revolutionary changes to an industry is being accused of fraud. After Elizabeth Holmes and her blood-testing company, Theranos, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations. Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,1646],"tags":[],"class_list":["post-9436","post","type-post","status-publish","format-standard","hentry","category-class-action","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Do You Have Investment Losses With LOOP Industries? &#8212;<\/title>\n<meta name=\"description\" content=\"Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary technology\u201d and have now been accused of fraud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Do You Have Investment Losses With LOOP Industries? &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary technology\u201d and have now been accused of fraud.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Do You Have Investment Losses With LOOP Industries? &#8212;","description":"Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary technology\u201d and have now been accused of fraud.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/","twitter_card":"summary_large_image","twitter_title":"Do You Have Investment Losses With LOOP Industries? &#8212;","twitter_description":"Montreal-based plastic recycler Loop Industries claims to have \u201crevolutionary technology\u201d and have now been accused of fraud.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Do You Have Investment Losses With LOOP Industries?","datePublished":"2020-10-15T20:32:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/"},"wordCount":1376,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/10\/Loop.jpg","articleSection":["Class Action","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/","url":"https:\/\/www.silverlaw.com\/blog\/do-you-have-investment-losses-with-loop-industries\/","name":"Do You Have Investment Losses With LOOP Industries? 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