ARCHER-DANIELS-MIDLAND LAWSUIT: the options and rights that shareholders have

If you suffered losses in Archer-Daniels-Midland stock, contact Archer-Daniels-Midland stock loss lawyer Timothy L. Miles today

INTRODUCTION TO THE ARCHER-DANIELS-MIDLAND CLASS ACTION LAWSUIT

The Archer-Daniels-Midland class action lawsuit seeks to represent purchasers or acquirers of Archer-Daniels-Midland Company (NYSE: ADM) common stock between April 30, 2020 and January 22, 2024, inclusive (the “Class Period”).  Captioned Chow v. Archer-Daniels-Midland Company, No. 24-cv-00634 (N.D. Ill.), the Archer-Daniels-Midland class action lawsuit charges Archer-Daniels-Midland and certain of Archer-Daniels-Midland’s top current and former executives with violations of the  Securities Exchange Act of 1934.
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If you suffered losses in Archer-Daniels-Midland stock and wish to serve as lead plaintiff in the Archer-Daniels-Midland class action lawsuit, or just have general questions about your rights as a shareholder, please contact Archer-Daniels-Midland 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 Archer-Daniels-Midland class action lawsuit must be filed with the court no later than March 25, 2024. must be filed with the court no later than March 25, 2024.

If you are a shareholder and you are wondering what you need to do at this point, if anything, or what your options or rights are, you are probably not alone.  Read on as we discuss in detail all the options and rights common shareholders have in the Archer-Daniels-Midland class action lawsuit.

you have the right to opt out of the archer-daniels-midland lawsuit and not participate or file your own lawsuit

If the case is certified as a class action, or there is a potential settlement, you will receive a notice authorized by the court. 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 Archer-Daniels-Midland 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 Archer-Daniels-Midland lawsuit. 

you have the right to participate in the ARCHER-DANIELS-MIDLAND LAWSUIT even if you received a settlement from FINRA

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 could still participate in the Archer-Daniels-Midland lawsuit. 

You have the right to object to any proposed settlement that you do not think is fair

​If you receive a notice that the Archer-Daniels-Midland lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against Archer-Daniels-Midland​​. The notice will contain the date when any objections must be filed and will include instructions on where to send your objection and will also include a date for the final hearing in the Archer-Daniels-Midland lawsuit if you would like to appear and be heard by the court in the class action against Archer-Daniels-Midland​​​​​.

THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING yourself IN THE ARCHER-DANIELS-MIDLAND​​ LAWSUIT

​​Objecting is telling the Court you do not believe the settlement in the Archer-Daniels-Midland 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 Archer-Daniels-Midland​. 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.

you have THe RIGHT MOVE the court TO BE appointed THE LEAD PLAINTIFF IN ARCHER-DANIELS-MIDLAND LAWSUIT

Any shareholder who purchased shares during the class period and sustained losses has the right to file a motion asking the court to be appointed lead plaintiff in the Archer-Daniels-Midland lawsuit.  Below is a discussion on the timing, the process, the benefits, and the responsibilities of being a lead plaintiff and more.  

WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE ARCHER-DANIELS-MIDLAND CLASS ACTION LAWSUIT?

​​When a securities class action is filed such as the Archer-Daniels-Midland 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 Archer-Daniels-Midland 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 IS THE LEAD PLAINTIFF PROCESS IN THE ARCHER-DANIELS-MIDLAND CLASS ACTION LAWSUIT?

​The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Archer-Daniels-Midland stock to seek appointment as lead plaintiff in the Archer-Daniels-Midland 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 Archer-Daniels-Midland​​ stock and have further questions, contact Archer-Daniels-Midland stock loss Lawyer Timothy L. Miles today who would fight to recover your damages in an Archer-Daniels-Midland class action lawsuit if you suffered losses in Archer-Daniels-Midland stock.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE ARCHER-DANIELS-MIDLAND 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 Archer-Daniels-Midland​​ stock, they may move the Court to be appointed lead plaintiff in the Archer-Daniels-Midland lawsuit. 

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ARCHER-DANIELS-MIDLAND LAWSUIT?

Serving as a Lead Plaintiff in the Archer-Daniels-Midland 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 in 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 of being 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 Archer-Daniels-Midland​​ if you suffered significant losses in Archer-Daniels-Midland​​ stock. ​

WHAT RESPONSIBILITIES WILLTHE LEAD PLAINTIFF HAVE IN THE ARCHER-DANIELS-MIDLAND LAWSUIT?

​​A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the Archer-Daniels-Midland lawsuit.  Some of the responsibilities of the Lead Plaintiff in the Archer-Daniels-Midland lawsuit include:

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

CAN I BE APPOINTED LEAD PLAINTIFF IN THE ARCHER-DANIELS-MIDLAND LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?

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

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE ARCHER-DANIELS-MIDLAND LAWSUIT SETTLES?

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

CAN I BE LEAD PLAINTIFF IN THE ARCHER-DANIELS-MIDLAND CLASS ACTION LAWSUIT IF I AM LEAD PLAINTIFF IN ANOTHER 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 Archer-Daniels-Midland stock, you may move to be appointed lead plaintiff in the Archer-Daniels-Midland class action lawsuit.

you have the right to sell your STOCK AND STILL BE A MEMBER OF THE CLASS IN THE ARCHER-DANIELS-MIDLAND LAWSUIT

​There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Archer-Daniels-Midland lawsuit.

You have the option to hire an attorney at no cost

​If you suffered losses in Archer-Daniels-Midland​ and are a member of the class, it does not cost anything to hire an Archer-Daniels-Midland​ 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.  So, contact an Archer-Daniels-Midland​ stock loss lawyer today if you suffered losses in Archer-Daniels-Midland​ ​stock about an Archer-Daniels-Midland lawsuit.

You have the option of doing nothing

If you purchased shares during the class period and suffered losses, you will automatically be included in the class and if you do not want to be lead plaintiff, you do not need to do anything.  If there is a settlement, you will receive a notice with instructions on how to file a claim form and what is required to receive your compensation.  Therefore, make sure to keep all brokerage statements or other documents supporting your purchases and sales during the class period. 

you have the option to call me at anytime with any questions at no charge

If you have any questions, even if they are just to ask about your rights as a shareholder, you may contact me at any time for no charge. Feel free to call anytime 24/7 and I would be happy to answer any questions or concerns you may have. (855) TIM-M-LAW (855/846-6529) or [email protected].  

CONTACT AN ARCHER-DANIELS-MIDLAND​ STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ARCHER-DANIELS-MIDLAND​ STOCK ABOUT AN ARCHER-DANIELS-MIDLAND​​ CLASS ACTION LAWSUIT

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

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]

Archer-Daniels-Midland​ 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]