If you suffered losses in Tandem Diabetes stock contact Tandem Diabetes stock loss lawyer Timothy L. Miles
The Tandem Diabetes class action lawsuit has been filed against Tandem Diabetes Care, Inc. (NASDAQ: TNDM) and certain executive officers for alleged violations of the Securities Exchange Act of 1934. This article provides a comprehensive overview of the Tandem Diabetes class action lawsuit, including the allegations, lead plaintiff process, benefits of serving as lead plaintiff, and more.
Allegations in the Lawsuit
As alleged in the Tandem Diabetes class action lawsuit, Tandem Diabetes is a global medical technology company known for its development, manufacturing, and marketing of consumer technologies and software for at-home diabetes care. The class action lawsuit against Tandem Diabetes, alleges throughout the specified class period, made false and/or misleading statements and failed to disclose critical information to investors.
The primary allegations in the Tandem Diabetes class action lawsuit against the defendants include:
Updated Sales Guidance
As further alleged in the Tandem Diabetes class action lawsuit, on November 2, 2022, Tandem Diabetes updated its annual guidance, lowering its sales estimates for 2022. The revised range stood at $800 million to $805 million, down from the previous range of $835 million to $845 million. The news of the lowered sales estimates led to a decline in the price of Tandem Diabetes stock, prompting further concern among investors, as alleged in class action lawsuit against Tandem Diabetes.
Lead Plaintiff Process in the Tandem Diabetes Class Action Lawsuit
If you suffered losses in Tandem Diabetes stock and wish to serve as lead plaintiff in the class action lawsuit, you need to file a lead plaintiff motion with the court. The deadline for filing this motion is November 7, 2023. The lead plaintiff is generally the investor with the greatest financial interest in the relief sought by the class, and they act on behalf of all other class members.
Being the lead plaintiff in the lawsuit has several advantages, including the ability to negotiate attorney fees, actively monitor the progress of the case, and be involved in all negotiations relating to any settlement. It is important to note that you do not need to serve as lead plaintiff to share in any potential future recovery of the class action lawsuit.
Non-U.S. investors are also eligible to serve as lead plaintiffs in the Tandem Diabetes class action lawsuit. Courts in the U.S. recognize the rights of non-U.S. investors to seek appointment as lead plaintiffs.
Benefits of Serving as Lead Plaintiff in the Tandem Diabetes Class Action Lawsuit
Serving as lead plaintiff in the class action against Tandem Diabetes offers several benefits. Some of these benefits include:
Eligibility for Lead Plaintiff in the Tandem Diabetes Class Action Lawsuit
To be eligible for lead plaintiff status in the Tandem Diabetes class action lawsuit, you must have suffered losses in Tandem Diabetes stock during the Class Period. The class period is defined as the period between August 3, 2022, and November 2, 2022. If you purchased shares during this period and suffered losses, you are likely a member of the class and may participate in the lawsuit.
Can I Be Lead Plaintiff in Multiple Class Action Lawsuits?
Yes, you can be lead plaintiff in multiple class action lawsuits, as long as you have not been a lead plaintiff in more than five securities class actions during any three-year period, which is expressly prohibited by securities laws. Otherwise, if you suffered losses in Tandem Diabetes stock, you may move to be appointed lead plaintiff in the Tandem Diabetes class action lawsuit.
Determining the Class Period in the Tandem Diabetes Class Action Lawsuit
The class period in a securities fraud class action lawsuit refers to the period when the price of a company's stock was allegedly artificially inflated due to false and misleading statements made by the company's executives. In the case of the Tandem Diabetes class action lawsuit, the class period starts when the company makes false statements or fails to disclose material facts, and ends when the truth is revealed to the investing public. To be part of the class action against Tandem Diabetes, you must have purchased Tandem Diabetes stock during the class period.
How a Tandem Diabetes Stock Loss Lawyer Can Help
If you suffered losses in Tandem Diabetes stock, it is advisable to consult with a Tandem Diabetes stock loss lawyer. These lawyers are skilled in securities fraud cases and can provide expert guidance and representation. They have a deep understanding of the complex laws governing the securities industry and litigation.
A Tandem Diabetes stock loss lawyer can help you in the following ways:
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].
Calculation of Damages in the Tandem Diabetes Class Action Lawsuit
In a securities fraud class action lawsuit, the plaintiff's damages are typically calculated as out-of-pocket losses. This calculation involves determining the difference between the price at which the stock was sold and the price at which it would have been sold without the alleged artificial inflation caused by the defendant's misrepresentations or omissions.
Lead Plaintiff Deadline and Payment in the Tandem Diabetes Class Action Lawsuit
If you miss the lead plaintiff deadline in the Tandem Diabetes class action lawsuit, you will still be considered a class member and entitled to share in any potential settlement or recovery. The lead plaintiff deadline only applies to those shareholders seeking to be appointed as lead plaintiff.
If there is a settlement in the class action lawsuit, you will receive a court-ordered notice with instructions on how to file a claim. The court will hold a final hearing to decide whether to approve the settlement, and if approved, settlement payments will be mailed to participating class members within a few months. However, if there are objections or appeals, the resolution can take longer.
Objecting to the Settlement in the Tandem Diabetes Class Action Lawsuit
If you receive a notice about the settlement in the Tandem Diabetes class action lawsuit and believe it is unfair, you have the option to object to the settlement. The court will consider all timely filed objections, and you may also choose to appear and be heard during the final hearing.
How to Know if You Are a Member of the Class
If you purchased shares of Tandem Diabetes stock during the class period and suffered losses, you are likely a member of the class in the Tandem Diabetes class action lawsuit. As a class member, you may participate in any potential settlement or recovery.
CONTACT A TANDEM DIABETES STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN TANDEM DIABETES STOCK ABOUT A TANDEM DIABETES CLASS ACTION LAWSUIT
If you suffered losses in Tandem Diabetes stock, contact Tandem Diabetes stock loss lawyer Timothy L. Miles today for a free case evaluation about a Tandem Diabetes class action lawsuit. Call today and see what a Tandem Diabetes stock loss lawyer can do for you if you suffered losses in Tandem Diabetes 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, 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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