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Covia Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Covia Holdings Corporation (OTC: CVIAQ; NYSE: CVIA), f/k/a Fairmount Santrol Holdings, Inc. (NYSE: FMSA); Lead Pla...

PHILADELPHIA, Jan. 5, 2021 /PRNewswire/ --A Berger Montague is investigating potential securities fraud claims against Covia Holdings Corporation ("Covia" or the "Company"), formerly known as Fairmount Santrol Holdings, Inc. ("Fairmount Santrol"), on behalf of investors who purchasedA securities of Covia or Fairmount Santrol (OTC: CVIAQ; NYSE: CVIA; NYSE: FMSA) between March 15, 2016 and June 29, 2020 (the "Class Period").
Covia Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Covia Holdings Corporation (OTC: CVIAQ; NYSE: CVIA), f/k/a Fairmount Santrol Holdings, Inc. (NYSE: FMSA); Lead Pla...
If you purchased Covia or Fairmount Santrol securities during the Class Period, have questions concerning your rights or interests, or would like to discuss Berger Montague's investigation, please contact attorneys Andrew Abramowitz at aabramowitz@bm.netA or (215) 875-3015, or Donnell Much at dmuch@bm.netA or (215) 875-4667, or contact us at www.bergermontague.com/covia. A recently filed lawsuit accuses the Company and Fairmount Santrol of deceiving the market about the fact that its supposedly "value-added" proppants, a key component in the fracking process, were no more effective than ordinary sand. Because Covia and Fairmount Santrol's revenues were largely dependent upon this product, defendants' statements about the Company's business, operations, and prospects were thus allegedly materially false and misleading.On March 22, 2019, Covia revealed that it had received a subpoena from the U.S. Securities and Exchange Commission ("SEC") pertaining to an investigation into certain value-added proppants. On this news, Covia's share price fell nearly 7%. On November 6, 2019, Covia revealed that the SEC had requested additional information, including testimony from current and former Covia and Fairmount Santrol employees. On this news, Covia's share price fell an additional 4.3%.
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