LEGAL GUIDES FOR INVESTORS
If you suffered losses in Adobe stock, contact Adobe stock loss lawyer Timothy L. Miles about an 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.
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%.
IS 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.
NON-U.S. INVESTOR AS LEAD PLAINTIFF
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
Serving 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.
SHARES purchased OUTSIDE OF THE CLASS PERIOD
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.
compensation for LEAD PLAINTIFFS
Lead plaintiffs 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.
LEAD PLAINTIFF in another case
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 Adobe stock, you may move to be appointed lead plaintiff in the Adobe class action lawsuit.
DETERMINATION OF CLASS PERIOD
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.
In order to be a part of the class in the Adobe class action lawsuit, you must have suffered losses in Adobe 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 Adobe.
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. 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.
Call an Adobe stock loss Lawyer today if you suffered losses in Adobe stock about the Adobe class action lawsuit who will fight to recover your suffered losses in Adobe stock.
WHEN you CAN EXPECT TO RECEIVE PAYMENT IF THE ADOBE CLASS ACTION LAWSUIT SETTLES
/adobe-inc.htmlIf there is a settlement in the Adobe class action lawsuit, you should receive a court-ordered Notice through the mail which will provide a date when the court will hold a final hearing to decide if it will approve the settlement. If your address changed, you may also find lawsuits through sites such as Consumer Action and ClassAction.org along with instructions on how to submit a claim. The Notice will instruct you what you need to do to file a claim. In some class action settlements, you are automatically submitted and need to do nothing further. However, in others, you may be required to submit more information to proceed such as documentation proving your purchase, such as a receipt or brokerage slip or other evidence that you bought or sold Adobe stock during the class period and suffered losses in Adobe stock.
The court will hold a final hearing in the Adobe class action lawsuit on a date provided in the Notice to decide whether to finally approve the settlement. If the Court finally approves the settlement, and there are no objections or appeals, settlement payments will be mailed to all Participating Class Members within a few months. However, if there are objections or appeals, resolving them can take a significant amount of time, perhaps more than a year to resolve the Adobe lawsuit.
COST TO HIRE AN ADOBE STOCK LOSS LAWYER
If you suffered losses in Adobe stock and are a member of the class, it does not cost anything to hire an Adobe 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 cost are awarded by the court as a percentage of the total recovery for the class. So, contact an Adobe stock loss lawyer today if you suffered losses in Adobe stock about an Adobe class action lawsuit.
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 a Adobe stock loss lawyer could do for you if you suffered losses in Adobe stock.
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.
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]
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