The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of investors who purchased Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT) securities between September 21, 2020 and December 14, 2021.
According to the Meta Materials lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the business combination would result in an U.S. Securities and Exchange Commission investigation and subpoena in the matter captioned In the matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
If you suffered a loss in Meta Materials you have until March 4, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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