SAN DIEGO, March 9, 2020 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP announces that a class action lawsuit
has commenced on behalf of shareholders of Sasol Limited ("Sasol"
or the "Company") (NYSE: SSL) purchasing securities between
March 10, 2015 and January 13, 2020, inclusive (the "Class Period").
If you wish to serve as lead plaintiff in this class action, you
must move the Court no later than April 6,
2020.
[click here to join this action]
According to the lawsuit, defendants throughout the Class Period
made false and misleading statements and failed to disclose that:
(1) Sasol had conducted insufficient due diligence into and failed
to account for multiple issues with, the Lake Charles Chemicals
Project ("LCCP"), as well as the true cost of the project; (2)
construction and operation of the LCCP, was consequently plagued by
control weaknesses, delays, rising costs, and technical issues; (3)
these issues were exacerbated by Sasol's top-level management, who
engaged in improper and unethical behavior with respect to
financial reporting for the LCCP and the project's oversight; (4)
all the foregoing was reasonably likely to render the LCCP
significantly more expensive than disclosed and negatively impact
the Company's financial results; and (5) as a result, the Company's
public statements were materially false and misleading at all
relevant times.
If you purchased Sasol between March 10,
2015 and January 13, 2020,
inclusive, or if you have questions about this notice, please
contact Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP