Security Investigation

Vertex Energy, Inc. (NasdaqCM: VTNR)

11 Days left to seek lead plaintiff status.

Company Name:Vertex Energy, Inc.
Stock Symbol:NasdaqCM: VTNR
Court:Southern District of Alabama
Class Period Start:04/01/2022
Class Period End (inclusive):08/08/2022
Filing Deadline:06/12/2023

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 12, 2023 to file lead plaintiff applications in a securities class action lawsuit against  Vertex Energy, Inc. (NasdaqCM: VTNR).

Vertex and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On August 9, 2022, pre-market, the Company disclosed massive 2Q2022 losses incurred at its Mobile refinery, a net loss of $63.8 million, and that adjusted EBITDA for the Mobile refinery, even after adjusting for certain incurred losses, was only $63.6 million, compared to the prior guidance of $120-$130 million in the second quarter, a total shortfall of 50%.

On this news, shares of Vertex fell by 44% or $6.18 per share.

If you purchased securities of Vertex and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (, or fill out the form on this page.

The case is Passmore v. Vertex Energy, Inc., No. 23-cv-0128

Click here to read the first filed complaint.