If you suffered losses in Adobe stock, contact Adobe stock loss lawyer Timothy L. Miles about an Adobe class action lawsuit
INTRODUCTION TO THE ADOBE CLASS ACTION LAWSUIT
The Adobe class action lawsuit seeks to represent purchasers or acquirers of Adobe Inc. (NASDAQ: ADBE) common stock between July 23, 2021 and September 15, 2022, inclusive (the “Class Period”). Captioned Pembroke Pines Firefighters & Police Officers Pension Fund v. Adobe Inc., No. 23-cv-09260 (S.D.N.Y.), the Adobe class action lawsuit charges Adobe and certain of its top current and former executive officers with violations of theSecurities Exchange Act of 1934.
If you suffered losses in Adobe stock and wish to serve as lead plaintiff in the Adobe class action lawsuit, please contact Adobe Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Adobe class action lawsuit must be filed with the court no later than December 19, 2023.
Read on to learn five things you should know about the Adobe class action lawsuit.
the ALLEGATIONS IN THE ADOBE CLASS ACTION LAWSUIT
Adobe is a software company that offers tools on a subscription basis for, among other things, sharing documents, editing pictures, and designing web pages.
The Adobe class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Figma, which provides a simple web-based tool for designing user interfaces, was growing its market share and was becoming a leader in user experience design; (ii) Figma was in direct competition with Adobe on user experience design; (iii) Adobe’s product “Express” was not an effective counter to Figma’s growing market share in bringing new customers to Adobe’s paid offerings; (iv) Adobe’s other offerings were not succeeding in competing with Figma on user experience design; and (v) Adobe was losing market share to Figma.
The Adobe class action lawsuit further alleges that on September 15, 2022, Adobe announced that it had entered into an agreement to acquire Figma for $20 billion in cash and stock. The Adobe class action lawsuit alleges that on news of the deal, the price of Adobe stock fell nearly 17%.
THE LEAD PLAINTIFF PROCESS IN THE ADOBE CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Adobe stock to seek appointment as lead plaintiff in the Adobe 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 Adobe stock and have further questions, contact Adobe stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in an Adobe class action lawsuit if you suffered losses in Adobe stock.
NON-U.S. INVESTOR may SERVE AS LEAD PLAINTIFF IN THE ADOBE CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN ADOBE 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 Adobe stock, they may move the Court to be appointed lead plaintiff in the Adobe class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ADOBE CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the Adobe class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Adobe if you suffered losses in Adobe stock.
THE LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE ADOBE CLASS ACTION LAWSUIT
But they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Adobe 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 Adobe class action lawsuit on behalf of investors who suffered losses in Adobe stock.
CONTACT AN ADOBE STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ADOBE STOCK ABOUT A ADOBE CLASS ACTION LAWSUIT
If you suffered losses in Adobe stock, contact Adobe stock loss lawyer Timothy L. Miles today for a free case evaluation about an Adobe class action lawsuit. Call today and see what a Adobe stock loss lawyer could do for you if you suffered losses in Adobe stock.
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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