answers to the five principal queSTIONS in the PAYCOM CLASS ACTION LAWSUIT

If you suffered losses in Paycom stock, contact Paycom stock loss lawyer Timothy L. Miles about a Paycom class action lawsuit

introduction to PAYCOM CLASS ACTION LAWSUIT

The Paycom class action lawsuit, captioned Ventrillo v. Paycom Software, Inc., No. 23-cv-01019 (W.D. Okla.), was filed in the Western District of Oklahoma and charges Paycom 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 Paycom stock and wish to serve as lead plaintiff in the Paycom class action lawsuit, please contact Paycom 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 Paycom class action lawsuit must be filed with the court no later than January 16, 2024.

Read on for answers to the five principal questions in the Paycom class action lawsuit.

WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE PAYCOM 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 Paycom 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 Paycom class action lawsuit.

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

Serving as a Lead Plaintiff in the Paycom 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 Paycom​ if you suffered losses in Paycom​ stock. ​

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE PAYCOM CLASS ACTION LAWSUIT SETTLES?

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

CAN I SELL MY STOCK AND STILL BE A MEMBER OF THE CLASS IN THE PAYCOM CLASS ACTION LAWSUIT?

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

WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF IN THE PAYCOM CLASS ACTION LAWSUIT?

​Objecting is telling the Court you do not believe the settlement in the Paycom 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 Paycom. 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.

CONTACT A PAYCOM STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN PAYCOM STOCK ABOUT A PAYCOM CLASS ACTION LAWSUIT

​If you suffered losses in Paycom stock, contact Paycom stock loss lawyer Timothy L. Miles today for a free case evaluation about a Paycom class action lawsuit. Call today and see what a Paycom stock loss lawyer could do for you if you suffered losses in Paycom stock.

Paycom 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 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.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529