6 FREQUENTLY ASKED QUESTIONS ABOUT THE LEAD PLAINTIFF PROCESS IN THE INNOVIZ CLASS ACTION LAWSUIT4/16/2024
If you suffered losses in Innoviz stock, contact Innoviz stock loss lawyer Timothy L. Miles about an Innoviz class action lawsuit
INTRODUCTION TO THE INNOVIZ CLASS ACTION LAWSUIT
The Innoviz class action lawsuit seeks to represent purchasers or acquirers of Innoviz Technologies Ltd. (NASDAQ: INVZ; INVZW) publicly traded securities between April 21, 2021 and February 28, 2023, inclusive (the “Class Period”). Captioned Lucid Alternative Fund, LP v. Innoviz Technologies Ltd., No. 1:24-cv-01971 (S.D.N.Y.), the Innoviz class action lawsuit charges Innoviz and certain of Innoviz’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered losses in Innoviz stock and wish to serve as lead plaintiff in the Innoviz class action lawsuit, or just have general questions about your rights as a shareholder, please contact Innoviz Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Innoviz class action lawsuit must be filed with the court no later than May 14, 2024. Read on for the six most frequently asked questions by investors about the lead plaintiff process in the Innoviz class action lawsuit. what is THE LEAD PLAINTIFF DEADLINE IN THE INNOVIZ CLASS ACTION LAWSUIT?
Lead plaintiff motions for the Innoviz class action lawsuit must be filed with the court no later than May 14, 2024.When a securities class action is filed such as the Innoviz 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 must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
what is THE LEAD PLAINTIFF PROCESS IN THE INNOVIZ CLASS ACTION LAWSUIT?
The PSLRA permits any investor who purchased and suffered losses in Innoviz stock to seek appointment as lead plaintiff in the Innoviz 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.
can NON-U.S. INVESTORS MAY SERVE AS LEAD PLAINTIFF IN THE CLASS ACTION AGAINST INNOVIZ?
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 Innoviz stock, they may move the Court to be appointed lead plaintiff in the class action against Innoviz.
what are THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE INNOVIZ CLASS ACTION LAWSUIT?
There are several benefits to serving as the lead plaintiff in the class action against Innoviz:
Will the Lead Plaintiffs Get More Money than Class Members if the Innoviz Class Action Lawsuit settles?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, 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 Innoviz class action lawsuit on behalf of investors who suffered losses in Innoviz stock.
Can the Court Appoint More than One Lead Plaintiff the Innoviz class action lawsuit?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Innoviz class action lawsuit.
CONTACT AN INNOVIZ STOCK LOSS LAWYER TODAY ABOUT AN INNOVIZ CLASS ACTION LAWSUIT
f you suffered losses in Innoviz stock, contact Innoviz stock loss lawyer Timothy L. Miles today for a free case evaluation about an Innoviz class action lawsuit. Call today and see what an Innoviz stock loss lawyer could do for you if you suffered losses in Innoviz stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 VINFAST STOCK LOSS LAWYER TIMOTHY L. MILESNashville 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,Class 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. Comments are closed.
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