Covia Holdings Corporation
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired Covia Holdings Corporation (“Covia” or the “Company”) (OTC: CVIAQ) between March 15, 2016 and June 29, 2020, inclusive (the "Class Period"). Investors have until February 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, the Company made false and misleading statements to the market. Covia touted its "value-added" proprietary proppants that failed to be any more effective than ordinary sand. The Company's revenues were dependent on its proprietary proppant, which it misrepresented to the market. When Company insiders raised issues with the proppants, it did not take action to rectify the situation. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Covia, investors suffered damages.
If you acquired Covia Holdings Corporation securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.