THE PURECYCLE CLASS ACTION LAWSUIT: WHAT YOU NEED TO KNOW ABOUT THE LEAD PLAINTIFF PROCESS
The PureCycle class action lawsuit seeks to represent purchasers or acquirers of PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023, inclusive (the “Class Period”). Captioned Southgate v. PureCycle Technologies, Inc., №23-cv-08605 (S.D.N.Y.), the PureCycle class action lawsuit charges PureCycle and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in PureCycle stock and wish to serve as lead plaintiff in the PureCycle class action lawsuit, please contact PureCycle 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 PureCycle class action lawsuit must be filed with the court no later than November 28, 2023.
Read on for what you need to know about the lead plaintiff process in the PureCycle class action lawsuit.
WHAT IS THE LEAD PLAINTIFF PROCESS IN THE PURECYCLE CLASS ACTION LAWSUIT?
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in PureCycle stock to seek appointment as lead plaintiff in the PureCycle 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 PureCycle stock and have further questions, contact PureCycle stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a PureCycle class action lawsuit if you suffered losses in PureCycle stock.
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE PURECYCLE CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN PURECYCLE 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 PureCycle stock, they may move the Court to be appointed lead plaintiff in the PureCycle class action lawsuit.
IF I SUFFERED LOSSES IN PURECYCLE STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE PURECYCLE CLASS ACTION LAWSUIT?
Serving as a Lead Plaintiff in the PureCycle 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 class action against PureCycle if you suffered losses in PureCycle stock.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE PURECYCLE CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in PureCycle stock, if you purchased or sold securities outside of the Class period, you will not be able to participate in the PureCycle class action lawsuit.
WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE PURECYCLE 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 PureCycle 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 PureCycle class action lawsuit on behalf of investors who suffered losses in PureCycle stock.
Timothy L. Miles
tmiles@timmileslaw.com
855/846–6529
Contact PureCycle stock loss lawyer Timothy L. Miles for a free case evaluation about a PureCycle class action lawsuit if you suffered damages in PureCycle stock.
CAN I BE LEAD PLAINTIFF IN THE INTEGRA LIFESCIENCES CLASS ACTION LAWSUIT 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 PureCycle stock, you may move to be appointed lead plaintiff in the PureCycle class action lawsuit.
CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE PURECYCLE CLASS ACTION LAWSUIT?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the PureCycle class action lawsuit.
HOW MUCH DOES IT COST TO HIRE A PURECYCLE STOCK LOSS LAWYER IF I SUFFERED LOSSES IN PURECYCLE STOCK?
If you suffered losses in PureCycle stock and are a member of the class, it does not cost anything to hire a PureCycle stock loss lawyer. Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and cost are awarded by the court as a percentage of the total recovery for the class. So, contact a PureCycle stock loss lawyer today if you suffered losses in PureCycle stock about a PureCycle class action lawsuit.
CONTACT A PURECYCLE STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN PURECYCLE STOCK ABOUT A PURECYCLE CLASS ACTION LAWSUIT
If you suffered losses in PureCycle stock, contact PureCycle stock loss lawyer Timothy L. Miles today for a free case evaluation about a PureCycle class action lawsuit. Call today and see what a PureCycle stock loss lawyer could do for you if you suffered losses in PureCycle 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 PURECYCLE STOCK LOSS LAWYER CAN DO FOR YOU.
