THE ILLUMINA CLASS ACTION LAWSUIT: 5 FREQUENTLY ASKED QUESTIONS

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

introduction to THE ILLUMINA CLASS ACTION LAWSUIT

​The Illumina class action lawsuit seeks to represent purchasers or acquirers of Illumina, Inc. (NASDAQ: ILMN) securities between May 1, 2023 and October 16, 2023 (the “Class Period”).  Captioned Kangas v. Illumina, Inc., No. 23-cv-02082 (S.D. Cal.), the Illumina class action lawsuit charges Illumina and certain of its former top executive officers with violations of the​​ Securities Exchange Act of 1934.
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If you suffered losses in Illumina stock and wish to serve as lead plaintiff in the Illumina class action lawsuit, please contact Illumina 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 Illumina class action lawsuit must be filed with the court no later than January 9, 2024.

​Read on for answers to five frequently asked questions investors have about the Illumina class action lawsuit.

WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE ILLUMINA 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 Illumina 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 Illumina class action lawsuit.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE ILLUMINA CLASS ACTION LAWSUIT?

​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 Illumina​ ​ stock, they may move the Court to be appointed lead plaintiff in the Illumina class action lawsuit. 

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ILLUMINA CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the Illumina 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 of being 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 class action against Illumina if you suffered significant losses in Illumina​​ stock. ​

CAN I BE LEAD PLAINTIFF IN THE ILLUMINA 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 Illumina stock, you may move to be appointed lead plaintiff in the Illumina class action lawsuit.

HOW WAS THE CLASS PERIOD DETERMINED IN THE ILLUMINA CLASS ACTION 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.  
 
To be a part of the class in the Illumina class action lawsuit, you must have suffered losses in Illumina 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 Illumina​​.  

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

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

Illumina 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 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.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
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