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If you suffered losses in FMC stock, contact FMC stock loss lawyer Timothy L. Miles about a FMC class action lawsuit
introduction to the THE FMC CLASS ACTION LAWSUIT
Read on for answers to four frequently asked questions investors have about the FMC class action lawsuit. The FMC class action lawsuit seeks to represent purchasers or acquirers of FMC Corporation (NYSE: FMC) common stock between November 2, 2022 and October 20, 2023 (the “Class Period”). Captioned Heeg v. FMC Corporation, No. 23-cv-04398 (E.D. Pa.), the FMC class action lawsuit charges FMC and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in FMC stock and wish to serve as lead plaintiff in the FMC class action lawsuit, please contact FMC 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 FMC class action lawsuit must be filed with the court no later than January 8, 2024. Read on for answers to five frequently asked questions investors have about the FMC class action lawsuit. what are the ALLEGATIONS IN THE FMC CLASS ACTION LAWSUIT?
FMC is an agricultural sciences company and chemical manufacturer specializing in the production of patented crop protection products. According to the FMC class action lawsuit, intellectual property and patent protections are a critical component of FMC’s business, particularly when it comes to generating earnings and maintaining market share in key markets abroad.
The FMC class action lawsuit alleges that defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (i) the diminishment of patent protection for FMC’s flagship products following legal defeats in key markets including India, China, and Brazil had opened the door to increased competition from generics; and (ii) FMC repeatedly mislead investors about the status of such proceedings and falsely claimed that it did not and would not face generic competition in key markets until 2026 at the earliest. The FMC class action lawsuit further alleges that on July 10, 2023, FMC revised downward its 2023 earnings before interest, taxes, depreciation, and amortization guidance as well as its earnings per share guidance. On this news, the price of FMC’s stock declined more than 11%, according to the complaint. The FMC class action lawsuit also alleges that on September 7, 2023, Blue Orca Capital published a report alleging that FMC and its executives had made a series of false statements about the status of patent protections for FMC’s flagship products following legal defeats in India, China, and Brazil that FMC had concealed from investors. On this news, the price of FMC’s stock declined more than 7%, according to the complaint. The FMC class action lawsuit additionally alleges that on October 23, 2023, FMC announced that it was again cutting its third quarter of 2023 outlook and guidance for revenues for the fourth quarter and fiscal year 2024, projecting earnings well below the expectations of analysts, citing substantially lower sales volumes in Latin America, particularly Brazil. On this news, the price of FMC’s stock declined more than 12%, according to the complaint. WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE FMC 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 FMC 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 FMC class action lawsuit.
WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF HAVE IN THE FMC CLASS ACTION LAWSUIT?
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the FMC class action lawsuit. Some of the responsibilities of the Lead Plaintiff in the FMC class action lawsuit include:
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE FMC CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN FMC 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 FMC stock, they may move the Court to be appointed lead plaintiff in the FMC class action lawsuit.
HOW WAS THE CLASS PERIOD DETERMINED IN THE FMC LAWSUIT?
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 FMC lawsuit, you must have suffered losses in FMC 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 FMC. WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF IN THE FMC CLASS ACTION LAWSUIT?
Objecting is telling the Court you do not believe the settlement in the FMC class action lawsuit, or some part of it, is fair or reasonable. You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement. On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against FMC. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.
CONTACT AN FMC STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN FMC STOCK ABOUT A FMC CLASS ACTION LAWSUIT
If you suffered losses in FMC stock, contact FMC stock loss lawyer Timothy L. Miles today for a free case evaluation about an FMC class action lawsuit. Call today and see what an FMC stock loss lawyer could do for you if you suffered losses in FMC stock.
FMC stock loss lawyer Timothy L. MilesNashville 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 9National 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. Comments are closed.
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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] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |
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