THE BRAINSTORM CELL CLASS ACTION LAWSUIT: 6 FREQUENTLY ASKED QUESTIONS

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

INTRODUCTION TO THE BRAINSTORM CELL CLASS ACTION LAWSUIT

​The Brainstorm Cell class action lawsuit seeks to represent purchasers or acquirers of Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) publicly traded securities between August 15, 2022 and September 27, 2023, inclusive (the “Class Period”).  Captioned Sporn v. Brainstorm Cell Therapeutics Inc., No. 23-cv-09630 (S.D.N.Y.), the Brainstorm Cell class action lawsuit charges Brainstorm Cell and certain of its top current executive officers with violations of the​ Securities Exchange Act of 1934.
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If you suffered losses in Brainstorm Cell stock and wish to serve as lead plaintiff in the Brainstorm Cell class action lawsuit, please contact Brainstorm Cell 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 Brainstorm Cell class action lawsuit must be filed with the court no later than January 2, 2024.

Read on for answers to six frequently asked questions about the Brainstorm Cell class action lawsuit.

what are the 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%.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN BRAINSTORM CELL STOCK?

​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. 

IF I SUFFERED LOSSES IN BRAINSTORM CELL STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the Brainstorm Cell class action lawsuit has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a Brainstorm Cell class action lawsuit if you suffered losses in Brainstorm Cell​​ stock. ​

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE BRAINSTORM CELL CLASS ACTION LAWSUIT?

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Brainstorm Cell 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 Brainstorm Cell class action lawsuit on behalf of investors who suffered losses in Brainstorm Cell​​ stock. 

CAN I BE LEAD PLAINTIFF IN THE BRAINSTORM CELL CLASS ACTION LAWSUIT IF I AM 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 Brainstorm Cell stock, you may move to be appointed lead plaintiff in the Brainstorm Cell class action lawsuit.

HOW MUCH DOES IT COST TO HIRE A BRAINSTORM CELL STOCK LOSS LAWYER IF I SUFFERED LOSSES IN BRAINSTORM CELL STOCK?

​​If you suffered losses in Brainstorm Cell ​stock and are a member of the class, it does not cost anything to hire a Brainstorm Cell class action lawsuit.  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 costs are awarded by the court as a percentage of the total recovery for the class.  So, contact a Brainstorm Cell stock loss lawyer today if you suffered losses in Brainstorm Cell ​stock about a 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. Call today and see what a Brainstorm Cell stock loss lawyer could do for you if you suffered losses in Brainstorm Cell​ stock.

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, Class Action:  Class Action: Top 100 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 three hundred 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 Resources center and 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