August 19, 2022
Attorneys who represented investors in South African energy and chemical company Sasol Ltd. will get nearly $5.3 million for their work on the case after brokering a $24 million settlement deal with the company to end claims it hid risks taken as it built a facility in Louisiana.
April 06, 2022
South African energy and chemical company Sasol Ltd. has agreed to pay $24 million to end investors' claims that the company and five of its former executives hurt investors by covering up cut corners and unnecessary risks taken to finish a facility in Louisiana.
February 25, 2022
South African chemical company Sasol Ltd. has reached a provisional settlement with investors alleging mismanagement of a Louisiana gas-to-liquids plant the company was building led to drops in stock prices, the parties told a New York federal court.
December 16, 2020
A team of Weil attorneys representing a South African chemical company has accused investors' attorneys from Hagens Berman of submitting false accounts from confidential witnesses to prop up their claims in their multibillion-dollar securities suit.
August 25, 2020
South African energy company Sasol and five of its former executives must continue to face a proposed securities class action alleging they hid ballooning costs at a natural gas facility it was building in Louisiana, a federal judge in Manhattan determined on Monday.
May 05, 2020
A New York federal judge appointed Hagens Berman Sobol Shapiro LLP as lead counsel in a proposed class action against South African chemical company Sasol Ltd., in which investors allege the company's mismanagement of its Louisiana gas-to-liquids plant, including a recent fire, led to drops in stock prices.