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 the Securities 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 everything you need to know about the Adobe class action lawsuit in this comprehensive and authoritative guide on the Adobe 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%. WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE ADOBE CLASS ACTION LAWSUIT?
When a securities class action is filed such as the Adobe 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 Adobe 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.
WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE ADOBE 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 Adobe 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 Adobe class action lawsuit.
IF you RECEIVE A SETTLEMENT FROM FINRA you CAN STILL PARTICIPATE IN THE ADOBE CLASS ACTION LAWSUIT
Yes, 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 Adobe class action lawsuit.
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. a NON-U.S. INVESTOR may SERVE AS LEAD PLAINTIFF IN THE ADOBE CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN ADOBE 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 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
erving 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.
THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING yourself IN THE ADOBE CLASS ACTION LAWSUIT
Objecting is telling the Court you do not believe the settlement in the Adobe 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 Adobe. 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.
sHARES purchased OUTSIDE OF THE CLASS PERIOD in the abobe class action lawsuit
Even if you suffered losses in Adobe stock, if you purchased securities outside of the Class period, you will not be able to participate in the Adobe class action lawsuit.
THE COURT may APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE ADOBE LAWSUIT
At its discretion, the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Adobe lawsuit.
HOW AN ADOBE STOCK LOSS LAWYER can HELP you
An Adobe 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 Adobe lawsuit. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, 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 [email protected]. HOW MUCH CAN you GET OUT OF THE DOLLAR GENERAL 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 Dollar General stock. Contact a Dollar General stock loss lawyer who could explain your losses in greater detail if you suffered losses in Dollar General 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 an Adobe stock loss lawyer could do for you if you suffered losses in Adobe stock.
This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. Adobe 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 100 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 three hundred 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 Resources center and call for free anytime. Comments are closed.
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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] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |