If you suffered losses in Assertio stock, contact Assertio stock loss lawyer Timothy L. Miles for a free case evaluation
INTRODUCTION TO THE ASSERTIO CLASS ACTION LAWSUIT Contact us for a free case evaluation about an Assertio class action lawsuit
The Assertio class action lawsuit seeks to represent purchasers or acquirers of Assertio Holdings, Inc. (NASDAQ: ASRT) securities between March 9, 2023 and November 8, 2023, inclusive (the “Class Period”). Captioned Shapiro v. Assertio Holdings, Inc., No. 24-cv-00169 (N.D. Ill.), the Assertio class action lawsuit charges Assertio and certain of Assertio’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered losses in Assertio stock and wish to serve as lead plaintiff in the Assertio class action lawsuit, or just have general questions about your rights as a shareholder, please contact Assertio Stock Loss Lawyer Timothy L. Miles at no charge by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Assertio class action lawsuit must be filed with the court no later than March 5, 2024. In this complete guide, we will discuss everything an Assertion shareholder needs to know about their options and rights as common shareholders in the Assertio class action lawsuit. YOU HAVE THE RIGHT TO OPT OUT OF THE ASSERTIO CLASS ACTION LAWSUIT AND NOT PARTICIPATE OR FILE YOUR OWN LAWSUIT
If the case is certified as a class action, or there is a potential settlement, you will receive a notice authorized by the court. 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 Assertio 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 Assertio class action lawsuit.
YOU HAVE THE RIGHT TO PARTICIPATE IN THE ASSERTIO CLASS ACTION LAWSUIT EVEN IF YOU RECEIVED A SETTLEMENT FROM FINRA
The acceptance of restitution or compensation from a FINRA regulatory settlement does not waive your right to monetary or other benefits through the courts, arbitration, or mediation. Therefore, even if you received a settlement from FINRA, you could still participate in the Assertio lawsuit.
YOU HAVE THE RIGHT TO OBJECT TO ANY PROPOSED SETTLEMENT THAT YOU DO NOT THINK IS FAIR
If you receive a notice that the Assertio class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against Assertio. The notice will contain the date when any objections must be filed and will include instructions on where to send your objection and will also include a date for the final hearing in the Assertio class action lawsuit if you would like to appear and be heard by the court in the class action against Assertio.
THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING yourself IN THE ASSERTIO LAWSUIT
Objecting is telling the Court you do not believe the settlement in the Assertio 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 Assertio. 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.
YOU HAVE THE RIGHT MOVE THE COURT TO BE APPOINTED THE LEAD PLAINTIFF IN the ASSERTIO CLASS ACTION LAWSUIT
Any shareholder who purchased shares during the class period and sustained losses has the right to file a motion asking the court to be appointed lead plaintiff in the Assertio class action lawsuit. Below is a discussion on the timing, the process, the benefits, and the responsibilities of being a lead plaintiff and more.
WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE ASSERTIO CLASS ACTION LAWSUIT?
When a securities class action is filed such as the Assertio class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the Assertio class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
WHAT IS THE LEAD PLAINTIFF PROCESS IN THE ASSERTIO CLASS ACTION LAWSUIT?
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Assertio stock to seek appointment as lead plaintiff in the Assertio 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 Assertio stock and have further questions, contact Assertio stock loss Lawyer Timothy L. Miles today who would fight to recover your damages in a Assertio class action lawsuit if you suffered losses in Assertio stock. CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE ASSERTIO 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 Assertio stock, they may move the Court to be appointed lead plaintiff in the Assertio class action lawsuit.
WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ASSERTIO LAWSUIT?
Serving as a Lead Plaintiff in the Assertio lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Assertio if you suffered significant losses in Assertio stock. WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF HAVE IN THE ASSERTIO 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 Assertio class action lawsuit. Some of the responsibilities of the Lead Plaintiff in the Assertio class action lawsuit include:
CAN I BE APPOINTED LEAD PLAINTIFF IN THE ASSERTIO LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Assertio stock, if you purchased securities outside of the Class period, you will not be able to participate in the Assertio lawsuit.
WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE ASSERTIO CLASS ACTION LAWSUIT SETTLES?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Assertio 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 Assertio class action lawsuit on behalf of investors who suffered losses in Assertio stock.
CAN I BE LEAD PLAINTIFF IN THE ASSERTIO 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 Assertio stock, you may move to be appointed lead plaintiff in the Assertio class action lawsuit.
CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE ASSERTIO 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 Assertio lawsuit.
YOU HAVE THE RIGHT TO SELL YOUR STOCK AND STILL BE A MEMBER OF THE CLASS IN THE ASSERTIO LAWSUIT
There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Assertio lawsuit.
YOU HAVE THE OPTION TO HIRE AN ATTORNEY AT NO COST
If you suffered losses in Assertio and are a member of the class, it does not cost anything to hire an Assertio stock loss lawyer. 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 an Assertio stock loss lawyer today if you suffered losses in Assertio stock about an Assertio lawsuit.
YOU HAVE THE OPTION OF DOING NOTHING
If you purchased shares during the class period and suffered losses, you will automatically be included in the class and if you do not want to be lead plaintiff, you do not need to do anything. If there is a settlement, you will receive a notice with instructions on how to file a claim form and what is required to receive your compensation. Therefore, make sure to keep all brokerage statements or other documents supporting your purchases and sales during the class period.
YOU HAVE THE OPTION TO CALL ME AT ANYTIME WITH ANY QUESTIONS AT NO CHARGE
If you have any questions, even if they are just to ask about your rights as a shareholder, you may contact me at any time for no charge. Feel free to call anytime 24/7 and I would be happy to answer any questions or concerns you may have. (855) TIM-M-LAW (855/846-6529) or [email protected].
CONTACT AN ASSERTIO STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ASSERTIO STOCK ABOUT A ASSERTIO CLASS ACTION LAWSUIT
If you suffered losses in Assertio stock, contact Assertio stock loss lawyer Timothy L. Miles today for a free case evaluation about an Assertio class action lawsuit. Call today and see what a Assertio stock loss lawyer could do for you if you suffered losses in Assertio stock.
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]
Assertio 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 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. 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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