AKERO CLASS ACTION LAWSUIT: a complete guide to the lead plaintiff process

If you suffered losses in Akero stock, contact Timothy L. Miles about an Akero class action lawsuit

INTRODUCTION TO THE AKERO CLASS ACTION LAWSUIT

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The Akero class action lawsuit seeks to represent purchasers or acquirers of Akero Therapeutics, Inc. (NASDAQ: AKRO) common stock between September 13, 2022 and October 9, 2023, inclusive (the “Class Period”).  Captioned Klobus v. Akero Therapeutics, Inc., No. 3:24-cv-02534 (N.D. Cal.), the Akero class action lawsuit charges Akero and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
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​​If you suffered losses in Akero stock during the Class Period and wish to serve as the lead plaintiff or have general questions about your rights as a shareholder, you can contact Akero​ stock loss lawyer Timothy L. Miles at no charge. He can be reached by calling 855/846-6529 or via e-mail at [email protected].  Lead plaintiff motions must be filed with the court no later than June 25, 2024.

In this complete guide, we will discuss everything a Akero shareholder needs to know about the lead plaintiff process in the Akero class action lawsuit.

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what is THE LEAD PLAINTIFF DEADLINE IN THE AKERO CLASS ACTION LAWSUIT?

​Lead plaintiff motions for the Akero class action lawsuit must be filed with the court no later than June 25, 2024.​ When a securities class action is filed 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 are your CHOICES IF YOU RECEIVE A NOTICE IN THE AKERO CLASS ACTION LAWSUIT?

If you receive a notice from the court, you have two choices:

1. ​Do Nothing: By doing nothing, you will remain a member of the class represented by lead counsel.
2. Opt-Out: If you believe you have a large enough loss to justify it, you can opt out of the Akero lawsuit and file your separate lawsuit. However, if you choose to opt-out, you will not be able to participate in any settlement or recovery obtained in the Akero class action lawsuit.

what is THE LEAD PLAINTIFF PROCESS IN THE AKERO CLASS ACTION LAWSUIT?

Contact Akero stock loss lawyer Timothy L. Miles about an Akero class action lawsuit

The Private Securities Litigation Reform Act of 1995 (PSLRA) permits any investor who purchased and suffered losses in Akero​​ stock to seek appointment as lead plaintiff in the Akero 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. ​

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can A NON-US INVESTOR MAY SERVE AS A LEAD PLAINTIFF IN THE AKERO CLASS ACTION LAWSUIT?

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 Akero​​ stock, they may move the Court to be appointed lead plaintiff in the class action against Akero. 

WHAT ARE THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE AKERO CLASS ACTION LAWSUIT?

There are several benefits to serving as the lead plaintiff in the class action against Akero:

1. Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

WHAT RESPONSIBILITIES THE LEAD PLAINTIFF IN THE AKERO CLASS ACTION LAWSUIT HAVE?

As the lead plaintiff, you have specific responsibilities to fulfill. These responsibilities include:

1. Selecting, monitoring, and overseeing lead counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

Can I serve as a lead plaintiff in the class action against Akero if I purchases shares outside of the class period?

No.  Even if you suffered losses in Akero​​​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the Akero lawsuit.

Will the lead plaintiff get more money if the Akero class action lawsuit settles than class members?

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No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLRA, 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 Akero class action lawsuit on behalf of investors who suffered losses in Akero​ stock. 

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Can I serve as a lead plaintiff in the class action against Akero if I am serving as lead plaintiff in another securities fraud 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 Akero​ stock, you may move to be appointed lead plaintiff in the Akero class action lawsuit.

Can the court appoint more than one lead plaintiff in the Akero lawsuit?

​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Akero class action lawsuit.

Can I serve as lead plaintiff in the Akero class action lawsuit if I sold my shares?

​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Akero lawsuit.

How can a Akero stock loss Lawyer help me in the Akero class action lawsuit?

​​​​​An Akero 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 Akero lawsuit. 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. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​

How much does it cost to hire an Akero stock loss lawyer?

​If you suffered losses in Akero stock and are a member of the class, it does not cost anything to hire an Akero 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 costs are awarded by the court as a percentage of the total recovery for the class.  

CONTACT AN AKERO STOCK LOSS LAWYER TODAY ABOUT AN AKERO CLASS ACTION LAWSUIT

If you suffered losses in Akero stock, contact Akero​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an Akero class action lawsuit. Call today and see what an Akero stock loss lawyer could do for you if you suffered losses in Akero​​​ ​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
​​Email: [email protected]

AKERO​ STOCK LOSS LAWYER TIMOTHY L. MILES

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,​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.

CONTACT                                                      
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]