SQM INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Chem...
31 March 2015 - 1:00AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
lawsuit has been filed in the United States District Court for the
Southern District of New York on behalf of a class (the “Class”)
comprising purchasers of the securities of Chemical and Mining
Company of Chile, Inc.(“SQM” or the “Company”) (NYSE:SQM) between
March 4, 2014 and March 17, 2015, inclusive (the “Class Period”).
Investors who purchased SQM securities during the Class Period and
wish to serve as a lead plaintiff in the class action must move the
Court no later than May 18, 2015.
Santiago, Chile-based SQM is engaged in the production and
distribution of specialty plant nutrients, lithium, potassium
sulfate, industrial chemicals and other commodity fertilizers. The
Complaint alleges that defendants misrepresented or failed to
disclose material information concerning the Company’s operations,
including that: (1) money from SQM was channeled illicitly to
electoral campaigns for the Independent Democratic Union, Chile’s
largest conservative party; (2) the Company lacked adequate
internal controls over financial reporting; and (3), as a result of
the foregoing, SQM’s financial statements were materially false and
misleading at all relevant times.
If you are a member of the Class described above, you may move
the Court no later than May 18, 2015, to serve as lead plaintiff,
if you meet certain legal requirements. To be a member of the
Class, you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action,
please contact Howard G. Smith, Esquire, of Law Offices of Howard
G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847,
or by email to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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