Everything You Need to Know About the Assertio Class Action Lawsuit

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

INTRODUCTION TO THE ASSERTIO CLASS ACTION LAWSUIT

Contact an Assertio Stock Loss Lawyer about an Assertio class action lawsuit

The Assertio class action lawsuit has garnered significant attention since its filing. This legal action seeks to represent purchasers or acquirers of Assertio Holdings, Inc. securities between March 9, 2023, and November 8, 2023. The lawsuit alleges violations of the Securities Exchange Act of 1934 by Assertio and certain top executives. In this comprehensive guide, we will explore the allegations in the lawsuit, the lead plaintiff process, the benefits of serving as lead plaintiff, and how an Assertio stock loss lawyer can assist those who have suffered losses.

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Allegations in the Assertio Class Action Lawsuit

​The Assertio class action lawsuit centers around the pharmaceutical company's alleged false and misleading statements during the Class Period. It is claimed that Assertio's reliance on Indocin products to boost its net income was unsustainable due to the risk of generic competition. Additionally, the lawsuit asserts that Assertio's acquisition of Spectrum Pharmaceuticals, Inc. was misrepresented as being more valuable than it was. As a result, Assertio is accused of overstating the positive impact of these actions on its profitability.

The negative impact of these allegations became apparent when Zydus Lifesciences Limited, a generic pharmaceutical company, received FDA approval to manufacture and market the generic version of Assertio's Indocin suppositories. This news caused a significant drop in Assertio's stock price. Subsequently, Assertio reported disappointing earnings for the third quarter of 2023, further exacerbating the decline in stock value. The resignation of CEO Dan Peisert in January 2024 also contributed to a decline in stock price.

The Lead Plaintiff Process in the Assertio Class Action Lawsuit

The Private Securities Litigation Reform Act of 1995 allows any investor who purchased and suffered losses in Assertio stock to seek appointment as lead plaintiff in the class action lawsuit. The lead plaintiff is typically the movant with the greatest financial interest in the relief sought by the putative class and represents the interests of all other class members. While being a lead plaintiff is not necessary to share in any potential recovery, it offers several advantages, including the ability to negotiate more competitive attorney fees and activelymonitor the class counsel.

Can a Non-U.S. Investor Serve as Lead Plaintiff in the Assertio class action lawsuit?

Yes, a non-U.S. investor can serve as lead plaintiff in the Assertio class action lawsuit. The eligibility to become lead plaintiff is not restricted to U.S. investors and is determined solely by the financial interest in the relief sought by the putative class.​

Benefits of Serving as Lead Plaintiff in the Assertio Lawsuit

Serving as lead plaintiff in the Assertio lawsuit comes with several benefits. First, a lead plaintiff can negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel. They also have the opportunity to manage the litigation by overseeing and monitoring the progress of the action, reviewing and commenting on important filings, and participating in negotiations relating to any settlement. Additionally, lead plaintiffs who continue to own the defendant's stock can enjoy long-term benefits from governance reform resulting from the litigation.

Responsibilities of the Lead Plaintiff in the Assertio Class Action Lawsuit

The lead plaintiff in the Assertio class action lawsuit has a fiduciary duty to act in the best interest of the class. Some of the responsibilities of the lead plaintiff include selecting, monitoring, and overseeing lead counsel, reviewing and commenting on court filings on behalf of the class, discussing litigation strategies with lead counsel, attending depositions and hearings if necessary, participating in mediation and trial if required, and providing input on decisions concerning the settlement of the securities class action.

WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE ASSERTIO CLASS ACTION LAWSUIT?

​When a securities class action is filed such as the AAssertio 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 Assertio 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 ARE MY CHOICES IF I RECEIVE A NOTICE IN THE ASSERTIO 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 Assertio 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 Assertio class action lawsuit. 

Securities Fraud Class Actions: An Overview

Navigating the complex world of securities fraud lawsuits requires the expertise of an Assertio stock loss lawyer. These legal professionals practice in representing individual investors who have suffered losses due to fraud or disputes with investment professionals such as the Assertio class action lawsuit. Assertio stock loss lawyers have in-depth knowledge of the laws governing the securities industry and can provide guidance and representation to investors seeking to recover their damages. By working with a Assertio stock loss lawyer, investors can increase their chances of achieving a successful outcome in the class action 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, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).

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

Conclusion

The Assertio class action lawsuit highlights the importance of holding companies accountable for fraudulent practices that harm investors. By seeking an appointment as lead plaintiff and engaging the services of an Assertio stock loss lawyer, investors can actively participate in the litigation process and potentially recover their losses. Securities fraud class actions play a crucial role in protecting investor rights and promoting transparency in the financial markets. If you have suffered losses in Assertio stock, contact an Assertio stock loss lawyer today to explore your legal options.

CONTACT AN ASSERTIO​ STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ASSERTIO STOCK ABOUT A ASSERTIO CLASS ACTION LAWSUIT

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

Assertio​ 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); Americas 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