Pomerantz LLP

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Livent Corporation

We are investigating Livent Corporation (LTHM) (“Livent” or the “Company”) for potential violations of the federal securities laws. 

In October 2018, Livent completed its initial public offering (“IPO”), selling 23 million shares of common stock priced at $17.00 per share.  On February 11, 2019, Livent released its fourth quarter 2018 financial results, advising investors that the Company had missed top line sales targets, citing difficulties negotiating contracts with existing customers.  On this news, Livent’s stock price fell $0.57 per share, over 4%, to close at $12.55 per share on February 12, 2019.  Then, on May 8, 2019, Livent announced disappointing financial results for the first quarter of 2019, citing further customer issues.  On this news, Livent’s stock price fell $1.70 per share, nearly 16%, to close at $9.03 per share on May 8, 2019.