THE LEAD PLAINTIFF PROCESS IN THE SHIFT4 CLASS ACTION LAWSUIT: 5 FREQUENTLY ASKED QUESTIONS
The Shift4 class action lawsuit seeks to represent purchasers or acquirers of Shift4 Payments, Inc. (NYSE: FOUR) securities between November 10, 2021 and April 18, 2023, inclusive (the “Class Period”). Captioned O’Meara v. Shift4 Payments, Inc., №23-cv-03206 (E.D. Pa.), the Shift4 class action lawsuit charges Shift4 and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Shift4 stock and wish to serve as lead plaintiff in the class action against Shift4, please contact Shift4 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 Shift4 lawsuit must be filed with the court no later than October 19, 2023.
Read on for answers to five frequently asked questions about the lead plaintiff process in the Shift4 class action lawsuit.
WHAT IS THE LEAD PLAINTIFF PROCESS IN THE SHIFT4 CLASS ACTION LAWSUIT?
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Shift4 stock to seek appointment as lead plaintiff in the Shift4 class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Shift4 stock, and have further questions, contact Shift4 stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Shift4 lawsuit if you suffered losses in Shift4 stock.
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE SHIFT4 CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES INSHIFT4 STOCK?
Yes, 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 Shift4 stock, they may move the Court to be appointed lead plaintiff in the Shift4 class action lawsuit.
tmiles@timmileslaw.com
855/846–6529
Contact a Shift4 stock loss lawyer Timothy L. Miles for a free case evaluation about a Shift4 lawsuit if you suffered damages in Shift4 stock.
IF I SUFFERED LOSSES IN SHIFT4 STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CLASS ACTION AGAINST SHIFT4?
Serving as a Lead Plaintiff in the Shift4 class action lawsuit has several advantages and important benefits including:
- A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
- Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
- There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
- Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
- Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a Shift4 class action lawsuit if you suffered losses in Shift4 stock.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE SHIFT4 CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Shift4, if you purchased securities outside of the Class period, you will not be able to participate in the Shift4 class action lawsuit.
WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE SHIFT4 CLASS ACTION LAWSUIT?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the class action against Shift4. 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 which directly relates to the representation of the class in the Shift4 class action lawsuit on behalf of investors who suffered losses in Shift4 stock.
Timothy L. Miles today about a class action against Shift4.
CAN I BE LEAD PLAINTIFF IN THE CLASS ACTION AGAINST SHIFT4 IF I AM LEAD PLAINTIFF IN ANOTHER CASE?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Shift4 stock, you may move to be appointed lead plaintiff in the Shift4 class action lawsuit.
CONTACT AN SHIFT4 STOCK LOSS LAWYER TODAY IF YOU SUFFERED IN LOSSES IN SHIFT4 STOCK ABOUT AN SHIFT4 CLASS ACTION LOSSES LAWSUIT
If you suffered losses in Shift4 stock, contact Shift4 stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action against Shift4. Call today and see what a Shift4 stock loss lawyer can do for you if you suffered losses in Shift4 stock.
(855) Tim-M-Law (855–846–6529)
THE CALL IS FREE AND SO IS THE FEE UNLESS WE WIN OR SETTLE YOUR CASE, SO CALL TODAY AND SEE WHAT A SHIFT4 STOCK LOSS LAWYER CAN DO FOR YOU.
