SAN DIEGO, April 17, 2023 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that it has filed a class action lawsuit seeking buyers or acquirers of Vertex Energy, Inc. VTNR Securities between April 1, 2022 and August 8, 2022, both dates inclusive (the “Collection Period”). Titled Passmore vs Vertex Energy, Inc.No. 23-cv-00128 (SD Ala.), the vertex energy Class action lawsuit charges Vertex Energy and some of its top executives with violations of the Securities Exchange Act of 1934.

If you have suffered significant losses and wish to be a lead plaintiff, please provide your information here:

https://www.rgrdlaw.com/cases-vertex-energy-inc-class-action-lawsuit-vtnr.html

You can also contact a lawyer JC Sanchez von Robbins Geller by phone at 800/449-4900 or email jsanchez@rgrdlaw.com. List the plaintiff’s applications for the vertex energy Class action must be filed with the court no later than June 12, 2023.

CASE CLAIMS: Vertex Energy is an energy company focused on the production and sale of conventional and alternative fuels. In early 2021, Vertex Energy announced that it had reached an agreement to acquire an oil refinery in Mobile, Alabama, and a key component of the acquisition was Vertex Energy’s plan to convert a portion of the refinery’s 91,000 barrels per day into renewable diesel fuel, which was expected to generate higher profits than the refinery’s conventional gasoline and diesel fuels.

But as the vertex energy The class action lawsuit alleges that immediately prior to the completion of the Mobile acquisition, the defendants entered into or were involved in a number of transactions without the knowledge of the investors that would dramatically limit the viability of the new facility and would, in fact, result in significant losses immediately after purchase. These transactions, which in some cases were required under financing agreements entered into by Vertex Energy,…