If you suffered losses in Brainstorm stock, contact Brainstorm stock loss lawyer Timothy L. Miles about a Brainstorm class action lawsuit
The Brainstorm Cell class action lawsuit has been filed against Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) and certain executive officers, alleging violations of the Securities Exchange Act of 1934. This article aims to provide a comprehensive overview of the Brainstorm Cell class action lawsuit, including the allegations, the lead plaintiff process, the benefits of serving as a lead plaintiff, and the potential outcomes for class members. If you have suffered losses in Brainstorm Cell stock, it is crucial to understand your rights and options in this class action against Brainstorm Cell.
Allegations in the Brainstorm Cell Class Action Lawsuit
Brainstorm Cell is a biotechnology company, which develops and commercializes autologous cellular therapies for the treatment of neurodegenerative diseases, including Amyotrophic Lateral Sclerosis, Progressive Multiple Sclerosis, Alzheimer’s disease, and other neurodegenerative diseases.
The Brainstorm Cell class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Brainstorm Cell downplayed the severity of the U.S. Food and Drug Administration’s (“FDA”) refusal to file letter; and (ii) Brainstorm Cell continued to conceal the risks associated with the submission of its Biologics License Application.
The Brainstorm Cell class action lawsuit further alleges that on November 10, 2022, Brainstorm Cell issued a press release titled “BrainStorm Cell Therapeutics Receives Refusal to File Letter from FDA for its New Biologics License Application for NurOwn for the treatment of ALS.” The Brainstorm Cell class action lawsuit alleges that following this announcement, the price of Brainstorm Cell stock fell more than 42%.
The Brainstorm Cell class action lawsuit further alleges that on September 27, 2023, Brainstorm Cell announced that members of the FDA’s Cellular, Tissue, and Gene Therapies Advisory Committee voted 17 to 1 that there was not substantial evidence to show NurOwn’s effectiveness. The Brainstorm Cell class action lawsuit alleges that on this news, the price of Brainstorm Cell stock fell more than 48%.
The Lead Plaintiff Process in the Brainstorm Cell Class Action Lawsuit
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Brainstorm Cell stock to seek appointment as lead plaintiff in the Brainstorm Cell 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 Brainstorm Cell stock and have further questions, contact Brainstorm Cell stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Brainstorm Cell class action lawsuit if you suffered losses in Brainstorm Cell stock.
Can Non-U.S. Investors Serve as Lead Plaintiffs?
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 Brainstorm Cell stock, they may move the Court to be appointed lead plaintiff in the Brainstorm Cell class action lawsuit.
Benefits of Serving as Lead Plaintiff in the Brainstorm Cell Class Action Lawsuit
Serving as the lead plaintiff in the Brainstorm Cell class action lawsuit offers several advantages and benefits:
Eligibility if Shares are Purchased Outside of the Class Period IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT
Even if you suffered losses in Brainstorm Cell stock, if you purchased securities outside of the Class period, you will not be able to participate in the Brainstorm Cell class action lawsuit.
Can the Court Appoint More Than One Lead Plaintiff IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Brainstorm Cell class action lawsuit.
Brainstorm Cell class action lawsuit
The class period in the Brainstorm Cell class action lawsuit is determined based on allegations of securities fraud. It refers to the period during which the price of the company's stock was artificially inflated due to false and misleading statements or omissions by company executives.
The class period begins when the company makes an untrue statement of material fact or fails to disclose a material fact necessary to render other statements not misleading. It ends when the truth is revealed to the investing public through a corrective disclosure.
To be included in the class action lawsuit against Brainstorm Cell, you must have suffered losses in Brainstorm Cell stock by purchasing shares during the class period when the stock price was allegedly artificially inflated.
How a Brainstorm Cell Stock Loss Lawyer Can Help
A Brainstorm Cell 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 as in the class action lawsuit against Brainstorm Cell. 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, 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].
How to Determine If You Are a Member of the Class
If you purchased shares during the class period and suffered losses in Brainstorm Cell stock, you are likely a member of the class in the Brainstorm Cell class action lawsuit. As a class member, you have the right to participate in the Brainstorm Cell lawsuit and potentially recover your losses.
Potential Recovery in the Brainstorm Cell Class Action Lawsuit
In a securities fraud class action lawsuit, the plaintiff's damages are typically calculated based on out-of-pocket losses. These losses represent the difference between the price at which the stock was sold and the price at which it would have been sold without the alleged misrepresentations or omissions by the defendant.
If there is a settlement in the Brainstorm Cell class action lawsuit, class members may be entitled to a share of the recovery. The exact amount will depend on the total damages suffered by the class and the distribution plan approved by the court.
What to Do If You Miss the Lead Plaintiff Deadline
If you purchased shares during the class period and suffered losses in Brainstorm Cell stock but missed the lead plaintiff deadline, you are still a class member. Your ability to recover your losses is not dependent on serving as the lead plaintiff.
If there is a settlement in the Brainstorm Cell class action lawsuit, you should receive a court-ordered Notice through the mail. This Notice will provide instructions on how to submit a claim and the deadline for doing so. Make sure to follow the instructions carefully to ensure your eligibility for potential recovery.
Objecting to the Settlement in the Brainstorm Cell Class Action Lawsuit
If you receive a notice of settlement in the Brainstorm Cell class action lawsuit and believe the settlement is unfair, you have the right to object. You can submit your objection to the court, which will consider all timely objections before making a final decision on the settlement.
The notice will include the deadline for filing objections and instructions on where to send them. If you wish to appear and be heard by the court, the notice will also provide the date for the final hearing in the class action against Brainstorm Cell.
Cost of Hiring a Brainstorm Cell Stock Loss Lawyer
If you have suffered losses in Brainstorm Cell stock and are a member of the class, hiring a Brainstorm Cell stock loss lawyer does not require any upfront payment. Securities litigation firms, including the Law Offices of Timothy L. Miles, typically handle these cases on a contingency fee basis.
Under this arrangement, plaintiffs and the class do not pay attorneys' fees or court costs unless there is a recovery. The attorney fees and costs are awarded by the court as a percentage of the total recovery for the class.
If you have suffered losses in Brainstorm Cell stock, it is essential to understand your rights and options in the Brainstorm Cell class action lawsuit. By consulting with a Brainstorm Cell stock loss lawyer and staying informed about the progress of the lawsuit, you can protect your interests and potentially recover your losses.
Do not hesitate to take action and seek legal representation to ensure that your rights as an investor are upheld. Contact a Brainstorm Cell stock loss lawyer, such as Timothy L. Miles, today for a free case evaluation and to learn more about the Brainstorm Cell class action lawsuit.
CONTACT A BRAINSTORM CELL STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN BRAINSTORM CELL STOCK ABOUT A BRAINSTORM CELL CLASS ACTION LAWSUIT
If you suffered losses in Brainstorm Cell stock, contact Brainstorm Cell stock loss lawyer Timothy L. Miles today for a free case evaluation about a Brainstorm Cell class action lawsuit. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
Brainstorm Cell 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, 6Class 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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