Renewable Innovations, Inc.
Case Overview
6 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 11/26/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Renewable Innovations, Inc. |
Court: | Court: District of Utah |
Case Number: | Case Number: 2:24cv00716 |
Class Period: | Class Period: 12/01/2022 - 09/14/2023 |
Ticker: | Ticker: REII |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Utah on behalf of those who acquired Renewable Innovations, Inc. ("Renewable Innovations" or the "Company") (OTC BB: REII) securities during the period of December 1, 2022 through September 14, 2023 inclusive (the "Class Period"). Investors have until November 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that Renewable Innovations: (i) selected an inadequate accounting firm to prepare the Company’s financial statements, (ii) intentionally neglected to oversee and manage the efforts of such accounting firm, and (iii) intentionally abandoned all efforts to cure their breaches, failures and gross mismanagement, which resulted in the Company’s delisting from the OTCQB and loss of access to the public capital markets.
The lawsuit alleges that Renewable Innovations: (i) selected an inadequate accounting firm to prepare the Company’s financial statements, (ii) intentionally neglected to oversee and manage the efforts of such accounting firm, and (iii) intentionally abandoned all efforts to cure their breaches, failures and gross mismanagement, which resulted in the Company’s delisting from the OTCQB and loss of access to the public capital markets.