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EVOLV CLASS ACTION LAWSUIT: A COMPREHENSIVE GUIDE FOR SHAREHOLDERS ON PROTECTING THEIR RIGHTS

4/11/2024

 
Law firm logo for Law Offices of Timothy L. Miles, blue and red, protecting shareholder rights
If you suffered losses in Evolv stock, contact Timothy L. Miles about an Evolv class action lawsuit

INTRODUCTION

Magnifier with Equities Indices on newspapers with rate chartsContact us for a free case evaluation about an Evolv class action lawsuit
As an investor, understanding the potential risks and protections associated with your investment is crucial. Securities class actions like the Evolv class action lawsuit​ are an important consideration for shareholders, but many may not fully grasp their implications. In this article, we will explore what shareholders should know about securities class actions and how they can impact your investment.

Securities class actions occur when a group of shareholders files a lawsuit against a company for alleged violations of securities laws as in the Evolv class action lawsuit​. These lawsuits typically stem from discrepancies in financial reporting, misleading statements, or other fraudulent practices. While securities class actions can be complex, they offer shareholders a way to seek compensation for any losses they may have incurred.

By participating in the Evolv class action lawsuit, shareholders have the opportunity to join forces with other investors who were similarly affected. This collective action has the potential to recover financial losses and hold the company accountable for any wrongdoing.

In the following sections, we will discuss the process of securities class actions, the benefits and risks for shareholders, and how to determine if you are eligible to participate. Stay tuned to gain a deeper understanding of this important aspect of the investment landscape.

UNDERSTANDING THE ROLE OF SHAREHOLDERS IN SECURITIES CLASS ACTIONS

​Securities class actions like the Evolv class action lawsuit are legal proceedings that allow shareholders to seek compensation for losses resulting from fraudulent practices or violations of securities laws. Shareholders will play a crucial role in the Evolv class action lawsuit as they are the ones who have been directly affected by the alleged misconduct of the company in which they have invested.

Shareholders who believe they have suffered financial losses due to fraudulent practices or violations of securities laws can choose to participate in a securities class action. By joining forces with other affected shareholders, they can increase their chances of recovering their losses and hold the company accountable for its actions. Shareholders need to understand that they have the right to participate in the Evolv class action lawsuit even if they have sold their shares in the company since the alleged misconduct occurred. This is because the losses incurred during the time the shareholder held the shares are still considered valid claims and there is no requirement for you to retain ownership of the stock after the class period has expired.

Furthermore, shareholders should be aware that participating in the Evolv class action lawsuit does not require them to individually pursue legal action against the company. Instead, they become part of a collective action, which is typically led by a lead plaintiff or a group of lead plaintiffs who represent the interests of all the shareholders involved in the lawsuit.
​
Overall, shareholders play a critical role in securities class actions by seeking compensation for their losses, holding companies accountable for their actions, and helping to maintain the integrity of the securities market.

THE BASICS OF SECURITIES CLASS ACTIONS

Securities class actions are complex legal proceedings that involve multiple parties and require a thorough understanding of securities laws and regulations. To grasp the basics of securities class actions, it is essential to understand the key components and processes involved.
  1. Triggering event: Securities class actions are typically triggered by a significant event that reveals fraudulent practices or violations of securities laws. This can include discrepancies in financial reporting, misleading statements, or other forms of fraudulent activity.
  2. Lead plaintiff: In a securities class action, a lead plaintiff or a group of lead plaintiffs is appointed to represent the interests of all the shareholders involved in the lawsuit. The lead plaintiff is usually the shareholder who has suffered the greatest financial interest and can best represent the class.
  3. Class certification: Before a securities class action can proceed, the court must certify the class. This means that the court determines whether the lawsuit meets the criteria for class certification, such as having a sufficient number of shareholders and common issues of fact and law.
  4. Discovery: Discovery is the process in which both the plaintiffs and the defendants gather evidence to support their claims or defenses. This can involve document requests, depositions, and other forms of information gathering.
  5. Settlement or trial: Once the discovery process is complete, the parties can either reach a settlement or proceed to trial. In some cases, the parties may opt for alternative dispute resolution methods, such as mediation or arbitration.
  6. Distribution of proceeds: If the lawsuit results in a settlement or a favorable verdict for the plaintiffs, the court will determine how the proceeds should be distributed among the class members who participated in the class action.
Understanding these basics can provide shareholders with a clearer picture of what to expect when participating in a securities class action and how the process unfolds.

KEY PLAYERS IN SECURITIES CLASS ACTIONS

Several key players are involved in securities class actions, each with distinct roles and responsibilities. Understanding the roles of these players can help shareholders navigate the complex landscape of securities litigation.
  1. Shareholders: Shareholders are the individuals or entities that have invested in the company and are seeking compensation for their losses. They play a crucial role in securities class actions by participating in the lawsuit and providing evidence to support their claims.
  2. Lead plaintiff: The lead plaintiff is the shareholder or group of shareholders who represent the class in a securities class action. The lead plaintiff can select a law firm of its choice and make decisions on behalf of the class.
  3. Class counsel: Class counsel refers to the law firms or attorneys who represent the class in a securities class action. They have the legal knowledge and experience necessary to navigate the complexities of securities litigation and advocate for the interests of the shareholders.
  4. Defendants: Defendants in a securities class action are typically the company and its executives who are accused of fraudulent practices or violations of securities laws. They are responsible for defending themselves against the claims made by the shareholders.
  5. Courts: Courts play a crucial role in securities class actions by overseeing the legal proceedings, making determinations on class certification, and ensuring that the rights of all parties involved are protected.
  6. Experts: Experts, such as financial analysts or industry professionals, may be called upon to provide opinions or testimony on matters relevant to the securities class action. Their expertise can help the court and the parties involved in understanding complex financial or industry-specific issues.
By understanding the roles of these key players, shareholders can better navigate the Evolv class action lawsuit and make informed decisions regarding their participation in the lawsuit.

STEPS TO TAKE IF YOU BELIEVE YOU ARE ELIGIBLE TO PARTICIPATE IN THE EVOLV CLASS ACTION LAWSUIT

if you believe you are eligible to participate in the Evolv class action lawsuit, there are several steps you can take to ensure that your rights are protected and that you have the best chance of recovering your losses. Here are some key steps to consider:
  1. Gather evidence: Collect any relevant documentation or evidence that supports your claim. This may include statements, financial reports, or other information that demonstrates the alleged fraudulent practices or violations of securities laws.
  2. Consult with legal counsel: Seek the advice of an experienced securities litigation attorney who can evaluate your claim and guide you through the process. They can help determine if you meet the eligibility requirements, assess the strength of your claim, and advise you on the best course of action.
  3. Monitor class action notices: Keep an eye out for class action notices that may be sent to shareholders who are eligible to participate in a securities class action. These notices typically provide information about the lawsuit, the deadline to opt-in or opt-out, and the steps to take to participate.
  4. Consider the pros and cons: Evaluate the potential benefits and risks of participating in the Evolv class action lawsuit. While these actions offer the opportunity to recover financial losses, they can also be time-consuming and may involve certain risks, such as the possibility of an unfavorable outcome or the need to disclose personal financial information.
  5. Make an informed decision: Based on the information and advice you have received, make an informed decision about whether or not to participate in the Evolv class action lawsuit. Consider factors such as the strength of your claim, the potential recovery, the cost of participation, and any potential conflicts of interest.
Taking these steps can help shareholders navigate the process of participating in a securities class action like the Evolv class action lawsuit and ensure that their rights are protected throughout the proceedings.

IMPORTANT CONSIDERATIONS FOR SHAREHOLDERS IN SECURITIES CLASS ACTIONS

​When deciding whether to participate in the Evolv class action lawsuit, shareholders should carefully consider several important factors. These considerations can help shareholders make informed decisions and understand the potential risks and benefits involved.
  1. Strength of the claim: Assess the strength of your claim by evaluating the evidence, the alleged misconduct, and the potential legal theories. A strong claim increases the likelihood of recovering your losses and achieving a favorable outcome.
  2. Recovery potential: Consider the potential recovery and the likelihood of recovering your losses through a securities class action. While participating in a class action offers the opportunity for compensation, the actual recovery may vary depending on the outcome of the lawsuit and the distribution of proceeds.
  3. Costs and fees: Understand the costs and fees associated with participating in a securities class action. This may include legal fees, court fees, and other expenses. Evaluate whether the potential recovery outweighs the costs involved. Although, most firms take these 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.
  4. Time commitment: Participating in a securities class action can be time-consuming, requiring shareholders to provide information, review documents, and potentially attend court proceedings. Consider whether you have the time and resources to commit to the process.
  5. Conflicts of interest: Be aware of any potential conflicts of interest that may arise from participating in a securities class action. Evaluate whether your participation may conflict with other interests or obligations you have as a shareholder or in other capacities.
By considering these important factors, shareholders can make informed decisions about their participation in the Evolv class action lawsuit and understand the potential impact on their investment.

THE IMPACT OF SECURITIES CLASS ACTIONS ON SHAREHOLDERS AND THE MARKET

Securities class actions have a significant impact on shareholders and the broader securities market. Understanding this impact can provide shareholders with valuable insights into the importance of participating in these actions and the potential outcomes.
  1. Compensation for losses: Securities class actions offer shareholders the opportunity to seek compensation for their losses resulting from fraudulent practices or violations of securities laws. By participating in a class action, shareholders can potentially recover a portion of their financial losses and mitigate the impact on their investment portfolio.
  2. Deterrence of misconduct: Securities class actions play a crucial role in deterring fraudulent practices and violations of securities laws. By holding companies accountable for their actions and imposing financial consequences, these actions send a strong message that misconduct will not be tolerated, fostering greater transparency and integrity in the securities market.
  3. Market efficiency: Securities class actions contribute to the overall efficiency of the securities market by uncovering fraudulent practices and ensuring that accurate information is available to investors. By addressing discrepancies in financial reporting or misleading statements, these actions help maintain the integrity of the market and promote fair and transparent trading.
  4. Shareholder activism: Securities class actions can also serve as a catalyst for shareholder activism. By empowering shareholders to take legal action against companies, these actions encourage greater shareholder engagement and promote responsible corporate governance.

RESOURCES FOR SHAREHOLDERS INVOLVED IN SECURITIES CLASS ACTIONS

​Shareholders involved in the Evolv class action lawsuit can benefit from various resources that provide information, guidance, and support. These resources can help shareholders navigate the complex process of participating in a class action and ensure that their rights are protected.
  1. Securities litigation attorneys: Consulting with experienced securities litigation attorneys is essential for shareholders involved in securities class actions. These attorneys can provide legal advice, evaluate the strength of your claim, and guide you through the process.
  2. Securities regulators: Securities regulators, such as the Securities and Exchange Commission (SEC) in the United States, provide valuable resources and information for shareholders involved in securities class actions. They can help investors understand their rights, navigate the legal landscape, and stay informed about recent developments.
  3. Class action notice providers: Class action notice providers, such as claims administrators or law firms, can provide information about ongoing class actions and help shareholders determine if they are eligible to participate. These providers typically send notices to eligible shareholders, informing them about the lawsuit and the steps to take to participate.
  4. Shareholder advocacy groups: Shareholder advocacy groups advocate for the rights and interests of shareholders. These groups can provide valuable resources, support, and information for shareholders involved in securities class actions.
  5. Financial news outlets: Financial news outlets often cover securities class actions and provide insights into ongoing cases, legal developments, and potential impact on the market. Staying informed through these outlets can help shareholders understand the broader context of their participation in a class action.
By leveraging these resources, shareholders can access the information and support they need to navigate the complexities of the Evolv class action lawsuit and protect their rights throughout the process.

CONCLUSION

​In conclusion, securities class actions like the Evolv class action lawsuit play a vital role in protecting your rights as a shareholder and maintaining the integrity of the financial markets. By allowing shareholders to collectively seek compensation for losses suffered as a result of securities fraud or other violations, these lawsuits provide an essential avenue for holding companies accountable.​

FREQUENTLY ASKED QUESTIONS

Can I Be Appointed Lead Plaintiff in the Evolv Lawsuit if I Purchased Shares Outside of the Class Period?

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

Can I Be the Lead Plaintiff in the Evolv Class Action Lawsuit if I am the 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 Evolv​ stock, you may move to be appointed lead plaintiff in the Evolv lawsuit.

Can the Court Appoint More than One Lead Plaintiff the Evolv 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 Evolv lawsuit.

CONTACT AN EVOLV​ STOCK LOSS LAWYER TODAY ABOUT AN EVOLV CLASS ACTION LAWSUIT

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

Evolv​ 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]

EVOLV CLASS ACTION LAWSUIT: RESOURCES FOR SHAREHOLDERS

4/8/2024

 
Law firm logo for Law Offices of Timothy L. Miles, blue and red, protecting shareholder rights
If you suffered losses in Evolv stock, contact Timothy L. Miles about an Evolv class action lawsuit

INTRODUCTION TO THE EVOLV CLASS ACTION LAWSUIT

Wall Street in gold on brick backgroundContact an Evolv stock loss lawyer about the Evolv class action lawsuit today
​The Evolv class action lawsuit has emerged as a significant legal confrontation, accusing Evolv Technologies Holdings, Inc., previously known as NewHold Investment Corp. (NASDAQ: EVLV; EVLVW), of securities fraud. This litigation draws attention to the challenges and possible financial repercussions that have unfolded for shareholders. Captioned Raby v. Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp., No. 24-cv-10761 (D. Mass.), the lawsuit alleged violations of the Securities Exchange Act of 1934 by Evolv and certain current and former executives.

The unfolding scenario of the Evolv class action lawsuit encapsulates a pivotal struggle for accountability in the financial domain. This action not only represents a crucial battle for those directly involved but also sets a precedent for governance and transparency within the market. As this article delves into the background, key players, and legal intricacies surrounding the class action against Evolv, it aims to furnish shareholders with comprehensive insights and strategies navigating the complexities of this litigation, underpinning the essence of safeguarding investor rights and financial integrity.

Background and Allegations

The Evolv class action lawsuit brings to light several allegations against Evolv, painting a picture of a company accused of misleading its customers, investors, and the general public. Central to these allegations are claims that Evolv exaggerated the effectiveness of its products, particularly in detecting weapons such as knives and guns, and engaged in deceptive marketing practices. Below are the key allegations and contentions made in the lawsuit:
  • False and Misleading Statements:
    1. The lawsuit alleges that between June 28, 2021, and March 13, 2024, Evolv made false and misleading statements and failed to disclose critical information, leading to an inflated valuation of the company.
    2. Specific allegations include exaggerated claims about the effectiveness of Evolv's security detection technologies and a failure to disclose test results indicating the technology's inability to detect certain weapons.
  • Deceptive Marketing Practices:
    1. Investigations and reports by BBC and IPVM Research are cited, revealing deceptive marketing practices and collusion with the National Center for Spectator Sports Safety and Security (NCS4) to conceal unfavorable test results.
    2. A notable case mentioned involves a student in Utica, New York, who managed to bring a large knife into a high school undetected by Evolv's security system.
  • Legal and Financial Repercussions:
    1. The lawsuit contends that Evolv's actions violated Federal Securities Laws, specifically citing the Securities Act of 1933 and the Securities Exchange Act of 1934.
    2. Investors are seeking damages and restitution for the alleged securities fraud and other unlawful business practices.
These allegations underscore the lawsuit's emphasis on the necessity for transparency, accountability, and stringent testing in the security technology industry, highlighting the potential risks posed to public safety and investor interests.

Legal Basis for the Class Action Lawsuit

The Evolv class action lawsuit is anchored in the federal securities laws, specifically targeting alleged violations that have significantly impacted investors. Here's a breakdown of the legal foundations and charges that form the core of this lawsuit:​
Federal Securities Laws:
  • The lawsuit seeks to recover damages under the umbrella of federal securities laws, aiming to address the financial losses suffered by Evolv investors during the specified period from June 28, 2021, to March 13, 2024. This legal action underscores the importance of adherence to these laws to maintain market integrity and protect investor interests.
Violations of the Securities Exchange Act of 1934:
  • The core of the lawsuit alleges multiple violations of the Securities Exchange Act of 1934 by Evolv, and certain of its current and former top executives. These allegations include:
    • Falsely promoting the effectiveness of the company's weapons detection technology.
    • Failure to disclose adverse test results, misleading investors about the company's technological capabilities and market position.
  • An SEC non-public, fact-finding inquiry into Evolv further substantiates the gravity of these allegations, highlighting regulatory scrutiny alongside investor concerns.
Opportunity for Lead Plaintiffs:
  • ​Investors who incurred losses during the relevant timeframe have until May 24, 2024, to request to be appointed as lead plaintiff. This role is pivotal in class action lawsuits, representing the interests of all affected parties in seeking restitution and corrective measures against alleged securities fraud.
​This legal framework not only seeks to redress financial damages but also aims to reinforce corporate accountability and transparency, pivotal for investor confidence and market stability.

Potential Impact on Shareholders and the Market

If you purchased Evolv securities between June 28, 2021, and March 13, 2024, the Evolv class action lawsuit may significantly impact you. Here's a breakdown of potential effects and considerations for shareholders and the market:
Entitlement to Compensation:
  • Investors in this period may be eligible for compensation without incurring out-of-pocket fees or costs, thanks to a contingency fee arrangement. This means legal fees are only collected if compensation is awarded, reducing financial risk to investors.
Impact on the Security Technology Market:
  • The global security technology market is on an upward trajectory, driven by heightened threats and the demand for advanced security solutions. Despite the lawsuit, this sector's growth potential remains robust. However, the legal challenges facing Evolv could influence market dynamics, particularly for companies in the physical security industry.
Broader Implications for the Industry:
  • Significant damages and reputational harm to Evolv and its executives could result from the lawsuit. This scenario may prompt a reevaluation of marketing and disclosure practices across the industry. Furthermore, individuals with non-public information about Evolv Technologies have the opportunity to contribute to the investigation or participate in the SEC Whistleblower program, potentially leading to broader industry implications.

THE LEAD PLAINTIFF PROCESS IN THE EVOLV CLASS ACTION LAWSUIT CLASS ACTION LAWSUIT

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

THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE EVOLV CLASS ACTION LAWSUIT

There are several benefits to serving as the lead plaintiff in the class action against Evolv:
  1. Negotiating attorney fees: As the lead plaintiff, you can negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
  2. Managing the litigation: You have the opportunity to manage the litigation by actively overseeing and monitoring the progress of the action, reviewing important filings, and providing input on decisions concerning the settlement.
  3. No financial risk: Serving as the lead plaintiff does not come with any financial risk. Lead counsel advances all costs and expenses incurred in the prosecution of the case and is reimbursed only if there is a successful settlement or judgment recovery for the class.
  4. Involvement in settlement negotiations: You can be involved in all negotiations related to any settlement, ensuring that the best interests of the class are represented.
  5. Long-term benefits: If you continue to own Evolv stock, you may benefit from any governance reform resulting from the litigation.

THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE EVOLV CLASS ACTION LAWSUIT

​As the lead plaintiff, you have specific responsibilities to fulfill. These responsibilities include:
  1. Selecting, monitoring, and overseeing lead counsel: You have the authority to choose a law firm to represent the class and ensure they are diligently pursuing the case.
  2. Reviewing and commenting on court filings: You must carefully review and provide input on court filings on behalf of the class.
  3. Discussing litigation strategies: You will work closely with lead counsel to discuss and develop effective litigation strategies.
  4. Attending depositions and hearings: If necessary, you may need to attend depositions and hearings related to the case.
  5. Participating in mediation and trial: You may be involved in mediation sessions or, if the case proceeds to trial, attend and participate in the trial proceedings.
  6. Providing input on settlement decisions: You will have a say in any decisions concerning the settlement of the class action. 

FREQUENTLY ASKED QUESTIONS

Can I Be Appointed Lead Plaintiff in the Evolv Lawsuit if I Purchased Shares Outside of the Class Period?

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

Can I Be the Lead Plaintiff in the Evolv Class Action Lawsuit if I am the 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 Evolv​ stock, you may move to be appointed lead plaintiff in the Evolv class action lawsuit.

Can the Court Appoint More than One Lead Plaintiff the Evolv 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 Evolv class action lawsuit.

Can I Sell My Stock and Still be a Member of the Class in the Evolv 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 Evolv class action lawsuit.

CONTACT AN EVOLV​ STOCK LOSS LAWYER TODAY ABOUT AN EVOLV CLASS ACTION LAWSUIT

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

Evolv​ 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]
​​

6 frequently asked questions about the EVOLV CLASS ACTION LAWSUIT

4/1/2024

 
Law firm logo for Law Offices of Timothy L. Miles, blue and red, protecting shareholder rights
If you suffered losses in Evolv stock, contact Evolv stock loss lawyer Timothy L. Miles about an Evolv class action lawsuit

INTRODUCTION TO THE EVOLV CLASS ACTION LAWSUIT

Display of Stock market quotes with city scene reflect on glassContact attorney Timothy L. Miles today for a free case evaluation about the Evolv class action lawsuit
The Evolv class action lawsuit seeks to represent purchasers or acquirers of Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (NASDAQ: EVLV; EVLVW) publicly traded securities between June 28, 2021 and March 13, 2024, inclusive (the “Class Period”).  Captioned Raby v. Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp., No. 24-cv-10761 (D. Mass.), the lawsuit alleged violations of the Securities Exchange Act of 1934 by Evolv and certain current and former executives.
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If you suffered losses in Evolv stock during the Class Period and wish to serve as the lead plaintiff in the lawsuit or have general questions about your rights as a shareholder, you can contact Evolv 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 May 14, 2024.

Read on to learn the answers to the six most frequently asked questions from investors about the Evolv class action lawsuit.

Can I Be Appointed Lead Plaintiff in the Evolv Lawsuit if I Purchased Shares Outside of the Class Period?

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

Can I Be Lead Plaintiff in the Evolv Class Action Lawsuit if I am Lead Plaintiff in Another Case?

​​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Evolv class action lawsuit.
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How Was the Class Period Determined in the Evolv class action lawsuit?

In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
To be a part of the class in the Evolv lawsuit, you must have suffered losses in Evolv​​ stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Evolv​​​.  ​

Can I Sell My Stock and Still be a Member of the Class in the Evolv 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 Evolv class action lawsuit.

How Can an Evolv Stock Loss Lawyer Help Me if I Suffered Losses in Evolv Stock?

​​​​​An Evolv 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 Evolv 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. ​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 Evolv Stock Loss Lawyer if I Suffered Losses in Evolv Stock?