A COMPREHENSIVE GUIDE TO THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
INTRODUCTION TO THE ADVANCE AUTO PARTS LAWSUIT
The Advance Auto Parts class action lawsuit seeks to represent purchasers or acquirers of Advance Auto Parts, Inc. (NYSE: AAP) securities between November 16, 2022 and May 30, 2023, inclusive (the “Class Period”). Captioned Suarez v. Advance Auto Parts, Inc., №23-cv-00563 (E.D.N.C.), the Advance Auto Parts class action lawsuit charges Advance Auto Parts and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Advance Auto Parts stock and wish to serve as lead plaintiff in the Advance Auto Parts class action lawsuit, please contact Advance Auto Parts Stock Loss Lawyer Timothy L. Miles by calling 855/846–6529 or via e-mail at tmiles@timmileslaw.com or by submitting a contact form. Lead plaintiff motions for the Advance Auto Parts class action lawsuit must be filed with the court no later than December 8, 2023.
In this comprehensive and authoritative guide, we discuss everything investors need to know about the Advance Auto Parts class action lawsuit.
YOUR CHOICES IF YOU RECEIVE A NOTICE IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
First, read the notice very carefully. You have two choices. First, you can do nothing and remain a member of the class represented by lead counsel. Second, if you believe you have a large enough loss to justify it, you can opt out of the Advance Auto Parts class action lawsuit and file your own separate lawsuit. Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the Advance Auto Parts class action lawsuit.
IF YOU RECEIVED A SETTLEMENT FROM FINRA CAN YOU CAN STILL PARTICIPATE IN THE ADVANCE AUTO PARTS LAWSUIT
The acceptance of restitution or compensation from a FINRA regulatory settlement does not waive your right to monetary or other benefits through the courts, arbitration, or mediation. Therefore, even if you received a settlement from FINRA, you can still participate in the Advance Auto Parts lawsuit.
THE LEAD PLAINTIFF DEADLINE IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
When a securities class action is filed such as the Advance Auto Parts class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the Advance Auto Parts class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
NON-U.S. INVESTOR MAY SERVE AS LEAD PLAINTIFFS IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN ADVANCE AUTO PARTS STOCK
Courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Advance Auto Parts stock, they may move the Court to be appointed lead plaintiff in the Advance Auto Parts class action lawsuit.
Timothy L. Miles
tmiles@timmileslaw.com
855/846–6529
Contact Advance Auto Parts stock loss lawyer Timothy L. Miles for a free case evaluation about an Advance Auto Parts class action lawsuit if you suffered damages in Advance Auto Parts stock.
THE LEAD PLAINTIFFS WILL NOT GET MORE MONEY THAN CLASS MEMBERS IF THE ADVANCE AUTO PARTS LAWSUIT SETTLES
But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Advance Auto Parts lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Advance Auto Parts lawsuit on behalf of investors who suffered losses in Advance Auto Parts stock.
RESPONSIBILITIES OF THE LEAD PLAINTIFF IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the Advance Auto Parts class action lawsuit. Some of the responsibilities of the Lead Plaintiff in the Advance Auto Parts class action lawsuit include:
- Selecting, monitoring, and overseeing Lead Counsel.
- Reviewing and commenting on court filings on behalf of the class.
- Discussing litigation strategies with the Lead Counsel.
- Attending depositions (if necessary) and giving a deposition.
- Attending hearings (if necessary).
- Participating in mediation and the trial (if necessary).
- Provide input on any decision concerning the settlement of the securities class action.
YOU CANNOT BE APPOINTED LEAD PLAINTIFF IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT IF YOU PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD
Even if you suffered losses in Advance Auto Parts stock, if you purchased securities outside of the Class period, you will not be able to participate in the Advance Auto Parts class action lawsuit.
Timothy L. Miles
tmiles@timmileslaw.com
855/846–6529
Contact Advance Auto Parts stock loss lawyer Timothy L. Miles for a free case evaluation about an Advance Auto Parts class action lawsuit if you suffered damages in Advance Auto Parts stock.
THE LEAD PLAINTIFFS WILL NOT GET MORE MONEY THAN CLASS MEMBERS IF THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT SETTLES
But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Advance Auto Parts class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Advance Auto Parts class action lawsuit on behalf of investors who suffered losses in Advance Auto Parts stock.
THE COURT MAY APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
At its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Advance Auto Parts class action lawsuit.
THE CLASS PERIOD DETERMINATION IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the Advance Auto Parts class action lawsuit, you must have suffered losses in Advance Auto Parts stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the Advance Auto Parts class action lawsuit.
AN ADVANCE AUTO PARTS STOCK LOSS LAWYER CAN HELP YOU
An Advance Auto Parts stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals such as the Advance Auto Parts class action lawsuit. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.
While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct.
Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or tmiles@timmileslaw.com.
HOW MUCH CAN YOU GET OUT OF THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT?
In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in Advance Auto Parts stock. Contact an Advance Auto Parts stock loss lawyer who could explain your losses in greater detail if you suffered losses in Advance Auto Parts stock.
THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING YOURSELF IN THE ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
Objecting is telling the Court you do not believe the settlement in the Advance Auto Parts class action lawsuit, or some part of it, is fair or reasonable. You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement. On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against Advance Auto Parts. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.
CONTACT AN ADVANCE AUTO PARTS STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ADVANCE AUTO PARTS STOCK ABOUT A ADVANCE AUTO PARTS CLASS ACTION LAWSUIT
If you suffered losses in Advance Auto Parts stock, contact Advance Auto Parts stock loss lawyer Timothy L. Miles today for a free case evaluation about an Advance Auto Parts class action lawsuit. Call today and see what an Advance Auto Parts stock loss lawyer could do for you if you suffered losses in Advance Auto Parts stock.
This will most likely be the only call you need to make. (855) 846–6529 or tmiles@timmileslaw.com.
